ICH Co Ltd

What ICH Co Ltd does

ICH Co Ltd is a South Korea-based manufacturer of advanced composite materials serving the consumer electronics, automotive electronics, display, and semiconductor / energy storage industries. Founded in 2012 and listed on KOSDAQ (368600) since 2022, the company organizes its portfolio into five categories: tape materials (acrylic adhesive tapes, silicone protective films, embossed acrylic adhesive tapes), elastomeric materials (polyurethane and acrylic foams), electromagnetic compatibility materials (conductive fabrics/tapes and noise-prevention gaskets), thermal control materials (OLED composite functional materials, thermal insulating dual-capability materials, and phase change materials), and patterned materials (metal foil antennas/MFA for 5G applications).

The company's core technology platform is vertically integrated across coating, pairing, foaming, electroplating/electroless plating, and converting processes, allowing in-house production from raw materials to finished composite parts. Its most distinctive process claim is the world's first commercialized film-type antenna mass production using proprietary room-temperature press patterning (2019), enabling ultrathin 5G antennas with circuit pitch as narrow as 0.1mm. Manufacturing is distributed across three Korean campuses (Gunpo headquarters, Hwaseong, Ansan) plus wholly-owned subsidiaries in Vietnam (ICH CUBE Vietnam, Bac Ninh, est. 2017) and India (CH Component Pvt. Ltd., Greater Noida, est. 2012).

ICH generates revenue through direct B2B sales of materials to electronics OEMs, Tier 1 automotive electronics suppliers, and display manufacturers, with no reseller or distribution layer. Pricing is not publicly disclosed and the company handles inquiries through dedicated sales channels ([email protected], +82 70-8831-2061). The customer base is segmented into IT devices & consumer electronics, automotive electronics (CID/CDD/IVI, sensors, EV battery modules), display industry (OLED panels), and semiconductor & energy storage (AI semiconductors, autonomous-driving semis, EV batteries, ESS, solar, medical/pharmaceutical temperature control containers). Recent strategic actions include the 2023 acquisition of Main Elecom's Polyurethane Business Unit, and a 2025–2026 capital increase of approximately KRW 6.76 billion (~USD 5M) earmarked for a new Vietnam factory to lower production cost structure and optimize the supply chain.

Name

ICH Co Ltd

Legal name

주식회사 아이씨에이치

Website

https://ch-ich.com

Company type

Public

Founded year

2012

Operating status

Operating

Headcount range

251–500 employees

Short description

ICH Co Ltd is a South Korea-based manufacturer of advanced composite materials for electronics, automotive, and display OEMs, producing tape, foam, EMC, thermal control, and patterned materials including metal foil antennas.

Ownership category

akta.pro rank

Product category

Advanced Composite Materials

NAICS

Adhesive Manufacturing (32552), Paint, Coating, and Adhesive Manufacturing (3255)

SIC

Adhesives & Sealants (2891), Plastics Foam Products (3086), Electronic Components & Accessories (3670)

akta.pro primary industry

Tapes, Labels & Pressure-Sensitive Adhesives (IMAEAGAJ)

akta.pro secondary industries

Polyurethane (PU) Rigid Foam Manufacturing (IMANAIAD), Conductive/ESD & EMI-Shielding Compounds (IMANABAH)

Keywords

• Advanced composite materials
• Pressure sensitive adhesive tapes
• Polyurethane foam manufacturing
• Electromagnetic compatibility materials
• Metal foil antennas

Headquarters

HQ city

Seongnam

HQ country

South Korea

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Infrastructure, Technology or R&D, Personnel, Operations

Revenue model

1. Advanced Materials and Components Sales: Sale of high-performance advanced composite materials including PSA tape materials, elastomeric materials, thermal control materials, EMC materials, and patterned materials (MFA) to electronics, automotive, and display manufacturers.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

ICH Co Ltd manufactures and sells high-performance advanced composite materials for electronics, automotive electronics, and display manufacturers. Its product portfolio spans PSA adhesive tapes, polyurethane and acrylic elastomeric foams, EMI shielding conductive fabrics and gaskets, thermal control materials including phase change materials, and ultrathin patterned metal foil antennas (MFA) for 5G devices. The company operates a vertically integrated production chain from raw materials through coating, foaming, plating, and converting across facilities in Korea, Vietnam, and India.

Product overview

ICH Co Ltd is a high-performance advanced composite materials company offering a comprehensive portfolio of specialized materials. The core product categories include: (1) PSA Tape Materials — Acrylic Adhesive Tapes, Silicone Protective Films, and Embo Acrylic Adhesive Tapes for IT devices, OLED panels, and automotive applications; (2) Elastomeric Materials — Polyurethane Foam and Acrylic Foam available in various cell structures for cushioning, waterproofing, and thermal management; (3) Electro Magnetic Compatibility Materials — Conductive Fabrics & Tapes and Noise-Prevention Gaskets for EMI shielding and heat dissipation; (4) Thermal Control Materials — Composite Functional Materials for OLED, Thermal Insulating Dual-Capability Materials, and Phase Change Materials (PCM) for temperature regulation; and (5) Patterned Materials — MFA (Metal Foil Antenna) for 5G and smart device applications. ICH differentiates through vertical integration of upstream processes (PU foaming, electroplating/electroless plating) and offers customer-tailored solutions from raw materials to finished products.

Differentiator

Problem solved

Functional benefit

Brands

• MFA (Metal Foil Antenna): Ultrathin film technology for 5G thin-film antennas and patterned electronic components; world-first process technology for film antenna mass production
• Mi-Cell
• Hi-Cell
• Silron

Products and services

• Acrylic Adhesive Tapes Pressure-sensitive acrylic adhesive tapes with acid-free formulations that prevent substrate corrosion. Used by electronics OEMs for IT devices, OLED panels, and automotive electronics assembly, with customized adhesive and carrier development per application.
• Silicone Protective Film Protective silicone films with surface hardness to prevent scratches during assembly and transport, offering minimal deformation under temperature and humidity changes. Designed for IT device, OLED panel, and automotive electronics manufacturers.
• Embo Acrylic Adhesive Tapes Embossed-patterned acrylic adhesive tapes optimized for bubble-free lamination of films and OLED panels, featuring air-release functionality for large flat surfaces. Used by display and IT device manufacturers requiring clean lamination.
• Polyurethane Foam Elastomeric polyurethane foam available in open cell, closed cell, and semi-open cell structures in thin-film form from 50μm to 3,000μm, with functionalities including flame-retardancy, waterproofing, conductivity, and shock absorption. Used by electronics, automotive, and display manufacturers.
• Acrylic Foam Closed-cell acrylic foam in thin-film form (50-150μm) with waterproofing and shock absorption capabilities through various densities. Used by electronics and automotive manufacturers for cushioning and sealing applications.
• Conductive Fabric & Tapes Electroplated and electroless-plated conductive fabrics and tapes with nickel surface coating for improved corrosion resistance, combined with thermally conductive pressure-sensitive adhesives. Used for EMI shielding and heat dissipation in IT devices and automotive electronics.
• Noise-Prevention Gaskets Multi-functional gaskets combining noise prevention, cushioning, and heat resistance through multilayer structuring technology, available as customizable roll-type products. Used by automotive and IT device manufacturers for EMI shielding and vibration damping.
• Composite Functional Material for OLED Panels PU foam-based composite materials that protect OLED panels by absorbing external shocks and dissipating heat efficiently, with embossed tape application to prevent bubbles and improve adhesion. Used by display manufacturers for IT devices and automotive electronics.
• Thermal Insulating Dual-Capability Materials Flexible thermal insulation materials using polyurethane foaming and thin-film coating technologies that minimize heat transfer through a thermally conductive molecule-free core design. Used by EV battery, ESS, semiconductor, and solar energy system manufacturers.
• PCM (Phase Change Materials) Advanced materials with phase-change properties that absorb and release heat at specific temperatures for passive temperature regulation, thermal shock mitigation, and energy storage. Used in AI semiconductors, automotive semiconductors, EV battery modules, ESS, solar systems, and medical/pharmaceutical temperature control containers.
• MFA (Metal Foil Antenna) Ultrathin film technology for 5G thin-film antennas and patterned electronic components, with environmentally friendly room-temperature press patterning and narrow pitch (minimum 0.1mm between circuits) for detailed circuit shapes. Used by smartphone, tablet, wearable, and 5G device manufacturers.

Quantifiable outcome

• World's first successful mass production of film-type antennas for smart devices using proprietary process

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Scale indicators3 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Nitto Denko: Japanese manufacturer of industrial tapes, PSA products, foam, and functional films for electronics and automotive — directly overlapping ICH's tape, elastomer, and patterned-material lines, especially in OLED and 5G applications.
• LINTEC Corporation: Japanese producer of pressure-sensitive adhesive tapes, labels, and specialty films serving electronics and automotive OEMs — comparable to ICH's tape materials portfolio and acrylic adhesive technology stack.
• Tesa SE: Germany-based PSA tape specialist (Beiersdorf subsidiary) with deep presence in electronics and automotive bonding applications — directly competes with ICH's acrylic and embossed adhesive tapes.
• Rogers Corporation: US-based specialist in elastomeric materials, EMI shielding foams, and thermal management solutions for automotive and consumer electronics — directly comparable to ICH's elastomer and EMC product groups.
• Boyd Corporation: US thermal management and EMI shielding specialist serving EV battery, semiconductor, and consumer electronics customers — comparable to ICH's thermal control, gasket, and EMC product lines.
• Kitagawa Industries Co., Ltd. Japanese niche supplier of EMI shielding, conductive gaskets, and noise-prevention materials for automotive and IT electronics — direct peer to ICH's conductive fabric and gasket line.
• Scapa Group plc: UK-based specialist in technical adhesive tapes and foam-based bonding solutions for industrial and electronics customers — overlaps with ICH's PSA tape and elastomeric foam offerings.

Broad incumbents

• 3M Company: Global diversified manufacturer with a sizable industrial adhesives and tapes division serving electronics, automotive, and display OEMs — a broad incumbent whose specialty tapes overlap with ICH's offerings.
• Henkel AG & Co. KGaA: German adhesives heavyweight with a strong automotive and electronics adhesives business — overlaps with ICH in industrial bonding, conductive coatings, and assembly applications.
• Sekisui Chemical Co., Ltd. Japanese diversified chemical and materials company producing foam tapes, interlayer films, and high-performance plastics — overlapping with ICH's acrylic foam and PU foam portfolio for electronics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ICH Co Ltd