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.

Korea Precision Machinery has signed a contract worth KRW 7,800,390,000 (USD 5.65 million) to supply CNC VTL (vertical turning lathes) to TEI, a Turkish aerospace and defense engine parts manufacturer. The contract runs from August 25, 2026 to July 3, 2027.