By Kim Yoo-chul
LSIS, the nation’s leading supplier for electronic materials, has agreed a partnership with Korea Water Resources Corporation (K-Water) for water treatment technology, LSIS said in a statement.
The collaboration is aimed at saving electricity costs for LSIS’s local factories by implementing advanced water consumption systems, company spokesman Kim Dae-seong said, Thursday.
The estimation system could boost flexibility in water management as the technology makes it possible to monitor estimated water consumption on a daily, weekly and monthly basis, the statement said. ``Water distribution schedules will automatically be scheduled upon situations throughout various solutions,’’ Kim said.
The LSIS factory in the local provincial city of Boryeong, south of Seoul, expects to save 700 megawatts of electricity yearly using the technology. ``On a nationwide basis, this will help cut costs by 5 billion won yearly and carbon dioxide emissions by 33,000 tons,’’ said the statement.
LSIS’s expansion into the water treatment business comes after major technology firms have said water is a more urgent priority for corporate social responsibility programs.
``With the market expected to grow due to increased pollution and the effects of climate change, we see the water treatment business as a crucial component of LSIS’s future success,’’ Kim said.
The partnership boosted LSIS stocks on the Seoul bourse as foreign and institutional investors regarded the news as positive to diversify the firm’s business portfolio, according to market analysts.
LSIS shares rose 3.4 percent to end at 66,900 won on the nation’s major KOSPI, according to data from bourse operator Korea Exchange.