Daeduck Electronics disclosed on 20th July a new capital expenditure programme worth ₩497bn (approximately $360m), targeting equipment for FC-CSP and FC-BGA substrate production at its facilities in Siheung and Ansan. The investment period runs from July 2026 to December 2027, and the sum equates to 55.4% of the company's shareholders' equity. Planned start-up dates are the second quarter of 2027 for FC-BGA lines and the third quarter for FC-CSP.
The announcement is separate from a ₩213bn investment disclosed on 11th May. Combined, the two filings total ₩710bn. Adding a ₩52.8bn acquisition of a factory in Ansan from Newplex — disclosed on the same day — and roughly ₩90bn in previously deferred FC-BGA spending, the confirmed investment total for 2025 reaches approximately ₩850bn.
That figure comfortably exceeds the ₩540bn in cumulative FC-BGA investment announcements Daeduck made across the entire 2020–2022 period, underscoring the scale of the company's current ambitions.
In a separate filing on 20th July, Newplex — a flexible-circuit-board maker — announced it would transfer land (17,476 sq m) and buildings (41,463 sq m) in Ansan's Singil-dong district to Daeduck for ₩52.8bn. The intended use of the site has yet to be determined; should a purpose be confirmed, a further capital-expenditure disclosure is likely to follow.
Management intends to fund the investment from existing cash and operating cash flow, without significant recourse to debt. As of the first quarter, Daeduck held ₩215.7bn in cash and cash equivalents against short- and long-term borrowings of just ₩9.5bn — a notably clean balance sheet. iM Securities estimates EBITDA of ₩320bn in 2026 and ₩460bn in 2027.
iM Securities maintained its Buy rating and 12-month target price of ₩200,000 on Daeduck Electronics. The stock closed at ₩120,700 on 20th July, implying upside of 65.7% to the target.