[메자닌 투자파일] 진영, CB로 80억 조달…열분해유 확장 드라이브

Jinyoung's favorable convertible bond issuance and aggressive expansion of its pyrolysis oil subsidiary represents a strategic pivot from its struggling core plastic sheet business facing Chinese market competition. This capital restructuring demonstrates how traditional manufacturers adapt to market disruptions through subsidiary-driven diversification rather than core business optimization. The success of the pyrolysis oil expansion in 2026 is critical to achieving the company's turnaround target.