PI Advanced Materials

PI Advanced Materials is a South Korean based company dominating the global market with over 30% market share in polyimide films. The company specializes in producing polyimide films for flexible printed circuit boards and graphite sheets for mobile devices and electric vehicles. With a focus on high-growth, high-margin markets, PI Advanced Materials offers cutting-edge materials known for their exceptional temperature resistance, dimensional stability, flexibility, and electric insulation. These materials are increasingly integrated into various lucrative sectors including electric vehicles, consumer electronics, semiconductor manufacturing, and advanced industrial applications. Employing approximately 320 people, the company operates two state-of-the-art industrial production sites and two R&D centers in South Korea. PI Advanced Materials experienced strong sales growth, averaging 12% annually from 2012 to 2021, reaching an impressive EBITDA margin of 30%. Although sales were temporarily impacted by the destocking in the global consumer electronics market, the company's sales amounted to around €200 million in 2022. Moreover, PI Advanced Materials joined the Arkema group in 2023, signifying its further expansion and potential for collaboration with a globally recognized entity.