Asaph Kukil, a fire-resistant materials specialist, announced on the 3rd that it has signed a contract with Germany's DK Logistics GmbH to supply safety structures for recycled battery logistics, marking its full-scale entry into the European market.
The contract goes beyond simple fire-resistant material exports. The core of the deal involves supplying integrated structural fire-resistant panel solutions for recycled battery shipping containers and cargo truck interiors.
Asaph Kukil's key technology is an expandable lattice-structure panel that rapidly expands under high temperatures to seal the interior. This technology simultaneously achieves heat-blocking performance exceeding 120 minutes, insulation and condensation prevention, and structural strength to withstand vibration and impact during transport.
The European battery reuse market is projected to grow at a compound annual rate of 48.6% from approximately $47.2 million in 2023 through 2032. The lithium-ion battery recycling market is also forecast to more than triple, from $482 million in 2025 to $1.505 billion by 2032.
"This contract is significant in that we have exported the overall safety structure design for recycled battery logistics systems," said Park Jeong-in, CEO of Asaph Kukil. "If this fire prevention structure becomes the standard for recycled battery transport vehicles in Europe, we expect cumulative sales of approximately 300 billion won by 2030."
Asaph Kukil was established based on the 45 years of technical expertise of Kukil Intot, an industrial materials specialist. Using this German export as a springboard, the company plans to establish leadership in logistics safety infrastructure standards across Europe and pursue follow-up contracts and expanded technology applications.