Jeil Machine & Solution is Korea’s first domestic battery-mixing localization company, headquartered in Icheon, Gyeonggi-do.
1. Company Overview
- Company name: Jeil Machine & Solution Co., Ltd.
- Founded: established in 1981 as Jeil Engineering Works; converted to Jeil Machine Industries Corp. in 1986; renamed to its current name in July 2021
- HQ: Icheon, Gyeonggi-do / Production site: Gimhae, Gyeongnam (added 2024)
- Overseas subsidiaries: Sweden, Hungary, US, Canada
- CEO: Lee Young-jin / Capital & headcount: (undisclosed)
2. History and Workforce
Founded in 1981 producing tanks and mixers for pharmaceutical and food applications, the company succeeded in domestically localizing and commercializing Korea’s first 1000L-class or larger battery-mixing equipment in 2006–2007. It changed its name to the current one at Jeil Machine Industries in 2021, and built a new plant in Gimhae roughly 1.5x the size of its existing facility, expanding production capacity.
The company is developing automation and special-environment-response technologies through a dedicated R&D organization. It is pursuing an IPO, with paid-in capital reported at KRW 36.0–43.2 billion. Departmental workforce composition is (undisclosed).
3. Core Technology and Key Equipment
The company presents blade design technology and general-purpose mixing technology capable of blending all material forms, together with integrated engineering solutions, as its core capabilities.
- Mixing automation process development
- Continuous mixing process development
- Dispersers for dry processes
- Business expansion into raw-material feed systems, weighing, and storage processes
- Entry into dispersers/mixers for hydrogen fuel cells, and into pharmaceutical and aerospace applications
4. Production Infrastructure and Quality Assurance
The company operates its Icheon HQ and Gimhae production site (expanded roughly 1.5x in 2024, boosting mixing-equipment production/assembly capacity by about 160%). Detailed floor area and capacity figures are (undisclosed).
5. Delivery Track Record and Partnerships
The company has supplied mixing equipment to Samsung SDI and LG Energy Solution, and also has a delivery track record with Swedish battery maker Northvolt. However, it has been disclosed that when Northvolt filed for bankruptcy in 2025, roughly KRW 30.0 billion in unpaid receivables arose, leading to the issuance of about KRW 19.0 billion in convertible bonds.
6. Financial Status and Roadmap
The company attracted multiple institutional investors — Korea Investment Private Equity (KRW 10.0 billion) and SKS Private Equity (KRW 5.0 billion) in 2020, and a follow-on investment from Korea Investment Private Equity (KRW 21.0 billion) in 2022 — with participation from KB Securities, DB Financial Investment, and YG Investment Management, among others. Individual revenue/profit figures are (undisclosed) ahead of listing.
The company is diversifying into cathode/anode material lines and the pharmaceutical/aerospace sectors, and has set a target of surpassing KRW 300.0 billion in revenue based on its order backlog.
This profile was compiled based on publicly available sources including Wikipedia, DealSite, Asia Economic Daily, and the company’s official LinkedIn page; unverified figures and undisclosed information have not been arbitrarily filled in.