# Hankook Precision Machinery receives 35% advance payment for CNC VTL order from TEI

Hankook Precision Machinery (한국정밀기계) announced receipt of a 35% advance payment (2.73 billion won) for a CNC VTL supply contract with TEI worth 7.8 billion won. The contract period was corrected to end July 3, 2027, based on the advance payment receipt on November 4, 2026. The equipment will be supplied to Turkey.

- Type: Contract
- Announced: 2026-11-04
- Where: Turkey, Türkiye
- Status: announced
- Products: CNC VTL (Vertical Turning Lathe)
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Hankook Precision Machinery](https://endata.com/companies/15010.md)
- [TEI](https://endata.com/companies/14990.md) (customer)

## Sources

- [economyreports.com](https://economyreports.com/filings/20261104-hnk-machine-tool-coltd-major-contract-20261104900310), 2026-11-04: "2026년 11월 4일 선수금 35%를 수령했다고 공시했다."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.