Enertorque is building a new factory in Dalseong-gun, Daegu, for actuators and water gate hoists, investing 5.6 billion won. Completion of main facilities is expected in the first half of 2021.
Mecaro, a Korean semiconductor parts and materials maker, signed an agreement to acquire 100% of KVTS, which makes special valves for semiconductor equipment. The signing ceremony was held at Mecaro's Pyeongtaek headquarters on 2 November 2020.
The STX consortium completed payment to Heung-A Shipping for 3,642,640 PK Valve shares, becoming PK Valve's largest shareholder in Korea, reported on 30 October 2020.
Wärtsilä signed a 9-year optimised maintenance agreement with JB Corporation covering three Wärtsilä 34SG LNG engine generating sets totaling 25.2 MW at the Cheongsu power plant in South Korea.
STX was notified on July 29, 2020 that it has been selected as the preferred bidder for the acquisition of PK Valve Co., Ltd. Final details have not yet been announced.
Hands Corporation signed a supply contract for automotive aluminum wheels worth 53.2 billion KRW with Hyundai Motor Company, equal to 8.62% of its recent sales.
Valve maker BMT signed an investment MOU with Busan city to move its headquarters and production plant from Yangsan to the Gijang Advanced Materials Industrial Complex. The KRW 39.5 billion project on a 47,933 square meter site is due by 2023 and will create at least 50 new jobs.
Metso's Neles Globe Valve Technology Center in Chungju, South Korea, is operational and ready for global deliveries of globe valves for oil and gas and power customers.
Willings signed a supply contract worth KRW 24.4 billion with Gapjin Co. for telecom battery packs, equal to 57.08% of Willings' revenue. The article is dated April 3, 2020, and the contract runs until June 30.
SC Engineering announced on 25 February 2020 that it signed a supply contract worth 24.4 billion KRW for the RG-1 project with Sewon Cellontech, equal to 11.39% of its recent sales revenue.
Wave Electro signed a supply contract worth 10.834 billion won with LIG Nex1 for the third mass-production phase of the Hyeongung project, equal to 22.54% of its revenue, running until January 3, 2024.
Unilok, a maker of high-performance valves, invested 48 billion won and completed a new factory in Sihwa MTV, Korea, with about 20,000 m2 of land. A 7,600 m2 site is reserved for expansion.
Shinsung E&G signed a construction contract with Hyosem for a new Eumseong factory worth 13.8 billion won, equal to 3.26% of its prior-year revenue. The filing was reported on November 26, 2019.
Coins Co. signed an investment agreement with Yeosu city to build a factory on a 9,900 m2 site in the Yulchon 1 industrial complex, producing synthetic pigs and pipe-inspection robots, for 7 billion won, with work planned from January to December 2020 and 15 hires.
Hanwha Aerospace signed a supply contract with GE for aircraft engine parts worth about $300 million (350 billion won), produced at its Changwon and Vietnam plants.
Hanwha Aerospace disclosed a supply contract worth KRW 1,152.5 billion with Rolls-Royce for turbine parts for Trent engines, running until 31 December 2045. The value equals 25.9% of Hanwha Aerospace's 2018 consolidated revenue.
Hanil Can acquired 100% of the issued shares of Samkwang Can on 29 October 2019, a spin-off of Samkwang Glass's can business sold for 51 billion KRW; the Fair Trade Commission approved the deal in May 2020.
Norwegian compressor supplier TMC Compressors of the Seas won a contract to supply complete marine compressed air systems and compressors for four TMS Cardiff Gas LNG carriers being built at Hyundai Heavy Industries and Samsung Heavy Industries in South Korea, with undisclosed value.
HSD Engine signed a supply contract worth 54.9 billion won with Samsung Heavy Industries to supply marine engines. The deal equals 10.7% of HSD Engine's previous-year consolidated revenue.
Jokwang ILI signed a KRW 2.19 billion MFC project contract to supply safety valves for GS Caltex's MFC process area at its Yeosu plant, disclosed September 25, 2019.
South Korean clothing maker Sae-A Trading was chosen as preferred bidder to buy a 71% stake in Tailim Packaging and 100% of Tailim Paper from IMM Private Equity, with the price estimated at over 750 billion won. A final deal was expected to be signed the following month.
HIMS signed a supply contract worth 2.3 billion won with APS Holdings for OLED display process equipment, equal to 6.49% of its prior-year revenue. The contract period runs until January 28 of the following year.
Myungsung TNS disclosed a single sales and supply contract worth 7.98 billion won for manufacturing and installing CP05 and CP06 line swelling equipment in South Korea. The contract was signed on August 7, 2019.
PiovanGroup finalized the acquisition of ToBaPNC, a South Korean company that automates industrial processes for plastics, especially plastic powder transport. The deal expands Piovan's presence in South Korea.
BGF, through subsidiary BGF Eco Bio, signed an agreement to acquire a 77.01% stake in KBF, a Korean maker of biodegradable foam plastics based in Hwaseong, Gyeonggi. The deal marks BGF's entry into the eco and bio materials market.
Air Products was awarded a contract by MEMC Korea, a GlobalWafers subsidiary, to supply a new 300mm silicon wafer fab in Cheonan, South Korea, including an on-site nitrogen generator, liquid argon and operation and maintenance services.
Dooil Cap signed an investment MOU with North Gyeongsang province and Yecheon county to invest 20 billion won over three years to build a plastic packaging plant at Yecheon's second agricultural industrial complex. Completion is targeted for 2022.
Entegris Korea signed an agreement with Gyeonggi Province for an additional $20 million investment, reinvesting profits from Korea. It began building a production facility in Hwaseong Jangan 2 industrial complex that will make high-purity chemicals and special containers, and will hire 50 people.
Air Products Korea signed an MOU with Chungcheongnam-do province to invest $30 million over five years in building industrial gas production and storage facilities at its Cheonan foreign investment zone plant.
A company identified only as D signed an MOU with Chungcheongnam-do to buy an empty 6,603.7 sq m factory in Cheonan's foreign investment zone and invest a further $5 million to expand semiconductor materials production.
Dongyang PNF signed a supply contract worth 8.5 billion won with Daelim Industrial for a pneumatic conveying system. The contract runs until January 9, 2020.
LOT Vacuum signed a single supply contract worth 4.35 billion won with Samsung Electronics for dry vacuum pumps used in semiconductor processes, signed on January 17, 2019 and disclosed January 18, 2019.
Lotte BP Chemical confirmed an 180 billion won expansion at its Ulsan plant to build acetic acid and vinyl acetate monomer capacity, with construction from January 2019 to September 2020 and commercial production from January 2021. The project is expected to create 50 direct jobs.
Dongsung Finetec signed a 42.2 billion won contract to supply cryogenic insulation materials for LNG and ethane cargo tanks to Hyundai Heavy Industries, as disclosed on January 11, 2019.
Dongsung Finetec signed a 30.8 billion won contract to supply cryogenic insulation materials for LNG cargo tanks to Hyundai Samho Heavy Industries, as disclosed on January 11, 2019.
The Verder Group has acquired JEC Limited, a South Korean manufacturer of hygienic rotary lobe, centrifugal and twin-screw pumps for the food, pharmaceutical and hygienic markets. JEC will continue under director James Song.
KC Cotrell signed a supply contract worth 40.5 billion won with Samsung C&T for electrostatic precipitator equipment and related services for units 1 and 2 of the Gangneung Anin thermal power plant. The deal equals 24.1% of KC Cotrell's 2017 consolidated revenue.
Casttech Korea (071850) signed a supply contract worth 23.9 billion won with BorgWarner Turbo Systems for automotive turbocharger parts, disclosed on 28 November 2018.
Casttech Korea (071850) signed a supply contract worth 41.9 billion won with Honeywell Technologies SARL for automotive turbocharger parts, disclosed on 28 November 2018.
Emerson opened a new $25 million facility in Jukjeon, Korea, to serve its Emerson Automation Solutions customers in the region.
Baker Hughes supplied more than 2,000 valves for S-Oil's Residue Upgrading Complex and Olefin Downstream Complex, which reached mechanical completion. The projects are valued at over $4.4 billion.
Kumho P&B Chemicals will invest 200 billion won to add 200,000 tonnes per year of BPA capacity at a new site near its Yeosu plant, raising capacity from 450,000 to 650,000 tonnes. Completion is due in the second half of 2021.
Kumkang Kind plans to acquire 21 million shares in Kspvalve worth 10.5 billion won, giving it a 57.5 percent stake after the transaction.
Sunda Electric agreed to supply FAB building switchboards and 590 other items for Samsung C&T's X2 Project, under a contract worth KRW 15.27 billion running until March 31 of next year.
Hanchang Paper Co signed a 25.18 billion won contract with KT&G to supply ivory cardboard. The deal was reported on September 19, 2018.
Pustech signed a supply contract worth KRW 33.651 billion with LIG Nex1 for Cheolmae-II performance-upgrade actuator assemblies, running until November 30, 2022.
Air Products has been awarded additional gaseous nitrogen and hydrogen supply for Samsung Electronics' Giheung fab in South Korea. It will build a new air separation unit, several hydrogen plants and pipelines, scheduled to be operational in 2020.
Watlow and Global Standard Technology Co., Ltd. formed a South Korean joint venture named Watlow Pacific Inc. to strengthen Watlow's semiconductor presence in the region.
Israeli valve maker Hamlet announced the acquisition of South Korean company S&S Valve for up to $6 million, entering flow-control valve management for gas, oil and petrochemical applications. S&S Valve had 2017 sales of about $30 million.
LOT Vacuum disclosed a single supply contract worth KRW 4.09 billion with Samsung Electronics for plasma pretreatment systems and dry vacuum pumps used in semiconductor processing. The contract was signed on 2018-05-18 and delivered to Pyeongtaek and Giheung in Gyeonggi.