Fine Technix Signs Contract for 'Nexen Tire Changnyeong Plant Lighting Efficiency Project'

Fine Technix has signed a supply contract for the 'Nexen Tire Changnyeong Plant LED Lighting Energy Efficiency Project'.

According to Fine Technix on August 6, the company will participate as the engineering, procurement, and construction (EPC) contractor for this project, taking responsibility for supplying and installing approximately 38,000 eco-friendly LED lights at the Nexen Tire Changnyeong plant. This energy efficiency initiative, involving three participating companies, focuses on carbon neutrality and energy cost reduction as key objectives. The total contract amount is 2.18 billion won, equivalent to 24.3% of Fine Technix’s first-quarter 2026 sales (8.98 billion won). The contract period extends until October 31, 2026.

The energy efficiency market has been growing rapidly due to recent government carbon neutrality policies and the expansion of the Energy Efficiency Resource Standard (EERS) system, which mandates energy suppliers to meet certain levels of energy savings relative to their sales volume. As this system is strengthened, an increasing number of energy efficiency projects are being undertaken by power generation public enterprises, large corporations, and mid-sized manufacturers. Consequently, related investments such as the replacement of aging equipment and the introduction of high-efficiency LED lighting are also expected to continue rising.

Fine Technix expects to secure a stable foundation for new orders thanks to the favorable market environment. The company plans to expand its customer base and its portfolio of high value-added products by leveraging its accumulated project track record and references. Moving beyond the simple supply of LED equipment, Fine Technix intends to diversify its revenue structure by combining artificial intelligence (AI)-based lighting control and energy management solutions, shifting away from a revenue structure focused solely on engineering projects to include added-value services such as maintenance and data-driven solutions.

A representative from Fine Technix stated, "This project is a meaningful one for us, as it leverages our extensive project management experience accumulated since our founding in 2009, as well as our EPC capabilities and broad customer base spanning B2G, B2B, and B2C sectors. Moving forward, we plan to continue expanding our energy efficiency business for ESCOs (Energy Service Companies), diversify our sales structure beyond procurement and B2G, and strengthen partnerships with various entities such as power generation public enterprises to secure more new orders, especially in the large-scale manufacturing sector."

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