South Korea’s hydrogen fuel cell materials and parts manufacturer Vina Tech Co has acquired a full stake in Ace Creation Co (ACC), local carbon-composite bipolar plates maker, for 700 million won ($646,950), becoming the first Korean company that manufactures all the key parts of hydrogen fuel cell stacksThe fuel cell stack is the heart of a fuel cell power system as it generates electricity It takes up 40-50 percent of the entire price of a hydrogen fuel cell vehicleVina Tech currently has the original technology for carbon nano fiber solutions like catalyst support, catalyst for fuel cells and membrane electrode assembly, key parts for a fuel cell stackIt has achieved the M&A after it went public on the Kosdaq in SeptemberWith the acquisition of Ace Creation, Vina Tech will be able to produce bipolar plates, hardware components used to assemble individual fuel cells into a fuel cell stack, completing a value chain of fuel cell stacks It now is planning facility investment to kick off mass productionVina Tech shares rose 777 percent to close at 55,500 won in Seoul on Wednesday▶ North Korea’s trade with China plunges nearly 80% this year amid Covid-19▶ Six out of 10 newlyweds in Korea without home, debt rises 12% due to mortgage▶ Covid-19 and Itaewon Class drama among the most Googled word in Korea▶ Korea flag carriers embark on new mission of delivering vaccines▶ Korean gov’t to expand refund program on appliances, waive electricity bills[ⓒ Maeil Business Newspaper & mkco

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