Material Alliance for the Skies: Dongil Steelux and Angelux Join Forces for AAM Supply Chain

MOU Signed for Supply and Commercialization of High-Performance Aluminum Materials

Dongil Steelux, a company specializing in the manufacturing and distribution of specialty steel, and Angelux, a company specializing in Advanced Air Mobility (AAM), have entered into a strategic partnership to establish a supply system for high-performance aluminum advanced materials.

On June 29, the two companies signed a memorandum of understanding (MOU) to ensure the stable supply and business expansion of high-performance aluminum advanced materials. This agreement builds on the business agreement signed in December last year and formalizes cooperation in the supply and distribution of lightweight, high-strength materials essential for AAM airframe production.

Under the agreement, Dongil Steelux will leverage its domestic and international network of material suppliers to procure high-performance aluminum advanced materials and provide logistics and distribution solutions. This is seen as a turning point, expanding its business domain from its traditional focus on steel to the high value-added aluminum materials market.

Angelux will share forecasts of material demand and purchasing plans for the AAM sector and for heavy-lift, long-endurance drones. Based on this, the company plans to concretize its product development and commercialization strategies. Securing advanced materials remains a key variable in the race for lighter weight technologies to increase range and payload.

The two companies have also agreed to establish a strategic transaction structure that balances supply and demand by applying flexible pricing according to market conditions and ensuring the stable procurement of contracted quantities.

Dongil Steelux plans to use this partnership as an opportunity to diversify its revenue structure and expand into new businesses. The company aims to secure new growth engines in the high-performance materials market by leveraging its existing supply capabilities.

Jaeheon Jang, CEO of Dongil Steelux, stated, "Entering the AAM industry is a strategic turning point that will determine our future competitiveness," adding, "We will apply our accumulated material supply capabilities to high value-added industries to establish a foundation for sustainable growth."

Dohyun Kim, CEO of Angelux, also commented, "Securing a stable material supply chain will enhance our competitiveness in AAM airframe development and commercialization."

The two companies plan to formulate detailed implementation plans in the future and expand the scope of their collaboration across the aviation mobility and materials industries.

Dongil SteelLux is signing an MOU with AngelLux for AAM supply chain cooperation.

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