Daedong Metal Expands Precision Casting Orders... Targets KRW 70 Billion This Year

Order Target Up 45% Year-on-Year for 2024
Strengthening Focus on High Value-Added Industries Including Shipbuilding, Generators, and Semiconductor Equipment

Daedong Metal, a subsidiary of Daedong Group specializing in casting materials and components, announced on the 16th that it is expanding its order portfolio into high value-added industries such as shipbuilding, generators, industrial machinery, and semiconductor equipment. The company has set its order target for this year at KRW 70 billion, a 45% increase from the previous year.

Daedong Metal is a specialized casting material and component company that originated from Daedong’s casting division in 1947. Since its founding, it has stably supplied core components for automobiles, agricultural machinery, and industrial equipment, growing into a foundational company in South Korea’s casting industry. Recently, while maintaining its competitiveness in its traditional automotive and agricultural machinery businesses, it has also been diversifying its orders into the high value-added precision casting sector.

This sector requires a high level of quality control—including dimensional precision, durability, airtightness, and surface quality—due to the need to withstand harsh operating environments such as high temperatures, high pressure, vibration, and vacuum. As a result, orders are concentrated among companies that have secured customer certification and mass production reliability.

Daedong Metal casting engineers are observing the process of molten metal coming out of the foundry furnace. Daedong Metal

Last year, Daedong Metal secured orders worth KRW 35.6 billion, including ship engine parts for Hanwha Engine and vehicle engine parts for a global company K, as well as achieving an additional KRW 12.8 billion in new orders for semiconductor vacuum pump components. Consequently, the company’s annual order volume expanded to a total of KRW 48.4 billion, which is equivalent to about 48% of its projected 2025 sales.

New orders for this year are also progressing smoothly. Daedong Metal achieved KRW 27.9 billion in new orders in the first half alone, with generator engine parts—driven by the growth of AI-based industries such as power grids—accounting for about 56% of that amount. Daedong Metal has set its new order target for this year at up to KRW 70 billion and is strengthening its efforts to capture overseas markets to secure more than KRW 41 billion in additional orders in the second half. In particular, the company is focusing on the Japanese market, having acquired Japanese construction equipment and hydraulic machinery component customers such as Komutesco and Kayaba last year, and is planning to pursue additional orders in the industrial machinery and semiconductor equipment component sectors in Japan in the second half of this year.

Pungwoo Lee, CEO of Daedong Metal, said, "In the casting industry, where industrial structure is changing rapidly, Daedong Metal is expanding its order portfolio into high value-added industries such as shipbuilding, generators, industrial machinery, and semiconductor equipment, based on 79 years of accumulated technological expertise and quality competitiveness. While strengthening the competitiveness of our existing businesses, we will also broaden our scope into advanced materials linked to the group’s future businesses, thereby laying the foundation to achieve KRW 240 billion in sales by 2030."

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