Korea PIM Initiates Demand Forecast... 'Scheduled for KOSDAQ Listing Next Month'

Korea PIM, the nation's No.1 company possessing MIM (Metal Injection Molding) technology, announced on the 17th that it will begin a demand forecast for institutional investors. Based on its unparalleled MIM technology, Korea PIM has secured global leading companies as clients, and sales from new IT and autonomous driving businesses are expected to be in full swing starting this year. Following autonomous driving, the company plans to expand the application areas of MIM to humanoid robots and logistics robots in the future.

Founded in 2001, Korea PIM supplies ultra-precision products applied in automobiles, IT, and autonomous driving based on differentiated MIM technology. In particular, it produces core products for various industries by utilizing globally exclusive hybrid new material manufacturing technology and the only titanium-applied MIM mass production technology in Korea.

Korea PIM has maintained an export-driven growth trend based on its supply references to global automotive electronic companies. It has successfully secured clients including the world’s No.1 automotive turbocharger company BorgWarner, Japan’s IHI, France’s Valeo, as well as domestic conglomerates such as Samsung Electronics, LG Innotek, Hyundai Transys, and HL Mando.

Starting this year, Korea PIM plans to maximize sales from new businesses such as IT and autonomous driving. Based on stable performance in the automotive sector, it has continuously conducted research and development (R&D) for industrial diversification and is preparing for mass production supply from this year. The company explained that since the profit margin is higher compared to existing automotive-related products, it will build mass production facilities around the time of listing to maximize profit margins based on IT and autonomous driving products.

In addition to autonomous driving, Korea PIM is expanding the application scope of MIM technology to the robotics field, including humanoid robots. Utilizing titanium-based MIM technology, it is developing core materials for humanoid robot reducers and is in supply discussions with global humanoid robot companies. Korea PIM is also jointly developing reducer materials for logistics robots with global automakers by applying hybrid new material technology.

A Korea PIM official stated, “We plan to invest the public offering funds secured through the KOSDAQ listing into the titanium material business and expansion of production capacity (CAPA) for new businesses. By securing the upstream titanium value chain, we will enhance cost competitiveness and accelerate not only the supply of parts such as titanium-based humanoid robots but also the material supply business. In particular, sales in the IT and autonomous driving sectors will be in full swing starting this year.”

He added, “Through the listing, we will expand our business into high value-added industries such as autonomous driving and humanoid robots and leap forward as a global top-tier company in the MIM field.”

The demand forecast for institutional investors will be conducted over five days from today until the 21st of this month. The desired public offering price is 9,300 to 11,200 KRW per share. After general subscription on the 25th and 26th of this month, the company is scheduled to be listed on the KOSDAQ market on the 4th of next month.

This content was produced with the assistance of AI translation services.