Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  KOREA EXCHANGE  >  Samsung SDI Co Ltd    006400   KR7006400006

SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Samsung SDI : and ABB Form Strategic Microgrid Commercial Alliance

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/25/2015 | 11:14am CET

Alliance to combine Samsung’s battery expertise with ABB’s global market presence

Samsung SDI (KRX:006400), the world’s leading manufacturer of lithium-ion batteries, and ABB, the leading power and automation technology group, have signed a memorandum of understanding to establish a strategic commercial alliance. Samsung SDI and ABB join forces to develop and market microgrid systems that comprise energy storage solutions.

The two companies will establish a global commercial alliance to develop and market modular and scalable microgrid solutions, utilizing lithium-ion batteries for energy storage.

ABB’s global presence and knowledge in microgrid will pave the way for Samsung SDI to gain better access to microgrid systems and markets. At the same time, Samsung SDI’s leading position and expertise in battery and materials will enable ABB to expand business horizon to energy storage systems.

“The alliance with ABB provides Samsung the basis to expand our global No. 1 position into the microgrid market. Together with ABB we will make our utmost effort to develop new products and to pioneer new markets to keep on being the world’s best ESS company.” said Namseong Cho, President and CEO of Samsung SDI.

“ABB is very pleased to sign this Memorandum of Understanding with Samsung SDI. Microgrid applications are expanding rapidly, both in emerging and developed markets, and are a key growth area in ABB’s Next Level strategy,” said ABB CEO Ulrich Spiesshofer. “This strategic alliance allows us to combine our complementary capabilities and will enable us to bring optimized solutions to our customers.”

According to B3, a Japanese market research firm, Samsung SDI was in 2014 the world’s largest lithium-ion battery manufacturer in the world, leading in consumer electronics and stationary applications.

The Energy Storage market for Lithium Ion batteries in microgrids was estimated by Navigant research (2014 report) to reach 3.42GWh by 2022, at a 41% CAGR.

About Samsung SDI
Samsung SDI (www.samsungsdi.com) is a leading solution provider in materials and energy. Established in 1970, Samsung SDI began as a producer of cathode ray tubes and entered the energy solution business in 2002. It has since successfully transformed itself into a provider of batteries and energy storage systems, while expanding into the field of automotive batteries. Following its merger with Cheil Industries in 2014, Samsung SDI now aims to create synergy between its energy solution business and the newly acquired electronics and chemical materials business. Samsung SDI's products include small-sized lithium-ion batteries, automotive batteries, energy storage systems, materials for semiconductors and displays, plastic for electronic devices and vehicles, as well as artificial marble.

About ABB
ABB (www.abb.com) is a leader in power and automation technologies that enable utility, industry, and transport and infrastructure customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in roughly 100 countries and employs about 140,000 people worldwide.


© Business Wire 2015
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SAMSUNG SDI CO LTD
11/02 SAMSUNG SDI : Patent Issued for Rechargeable Battery (USPTO 9799874)
11/02 SAMSUNG SDI : Patent Issued for Battery Charge and Discharge Control System and ..
11/02 SAMSUNG SDI : Patent Issued for Battery Module (USPTO 9799872)
11/02 SAMSUNG SDI : Patent Issued for Adhesive Film for Polarizing Plate, Polarizing P..
10/26 SAMSUNG SDI : Patent Issued for Module for Liquid Crystal Display Apparatus and ..
10/26 SAMSUNG SDI : Patent Issued for Battery Module (USPTO 9793584)
10/21 SAMSUNG SDI : Court backs merger of Samsung units
10/19 SAMSUNG SDI : Patent Issued for Rechargeable Battery with Temperature-Protecting..
10/19 SAMSUNG SDI : Patent Issued for Flexible Secondary Battery (USPTO 9786872)
10/19 SAMSUNG SDI : Patent Issued for Battery Pack (USPTO 9786962)
More news
Financials ( KRW)
Sales 2017 6 330 B
EBIT 2017 61,7 B
Net income 2017 642 B
Finance 2017 376 B
Yield 2017 0,48%
P/E ratio 2017 22,69
P/E ratio 2018 13,95
EV / Sales 2017 2,36x
EV / Sales 2018 1,93x
Capitalization 15 285 B
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 34
Average target price 238 517  KRW
Spread / Average Target 8,4%
EPS Revisions
Managers
NameTitle
Young-Hyun Jun President, Chief Executive Officer & Director
Hong Gyeong Kim Chief Financial Officer & Director
Gwang-Il Kim Executive Director & Head-Production Technology
Min-Gee No Outside Director
Sung-Jae Kim Outside Director
Sector and Competitors
1st jan.Capitalization (M$)
SAMSUNG SDI CO LTD13 950
CORNING INCORPORATED30.33%27 488
LG DISPLAY CO LTD--.--%9 838
LEYARD OPTOELECTRONIC CO LTD--.--%5 535
TIANMA MICROELECTRONICS CO., LTD.--.--%5 074
AU OPTRONICS CORP--.--%3 988