KC Energy Technology Co., Ltd. announced that it expects to receive KRW 824.94 million in funding from KC Cottrell Co., Ltd.
July 14, 2015
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KC Energy Technology Co., Ltd. announced that it will receive KRW 824,940,000 in an equity round of funding on July 15, 2015. The transaction will include participation from new investor, KC Cottrell Co Ltd. As part of the transaction, the investor will acquire 45% stake in the company.
KC Cottrell Co.,Ltd. is a Korea-based company engaged in the manufacture of environment equipment. The Company mainly provides three categories of products: dust collection systems, gas treatment systems and other new energy systems. Its dust collection systems include electrostatic precipitators (ESPs), reverse air fabric filters, pulse jet air fabric filters, ceramic filters and others. Its gas treatment systems include absorbers and auxiliary systems, limestone slurry preparation systems, flue gas systems, gypsum dewatering systems, waste water treatment systems, rotary atomizer systems and others. Its other new energy systems include ash handling systems, industrial machineries, and photovoltaic equipment. On May 22, 2013, the Company established a new wholly owned subsidiary, engaged in the bag filter business. On June 5, 2013, it acquired a 100% stake in a Korea-based company.
KC COTTRELL CO., LTD. 
