Youngone Trading to Install 180 Circular Knitting Machines at Global Production Bases in 10 Billion Won Project

Signed MOU with Sam ES Machinery

"Leading the Creation of a Cooperative K-Textile Ecosystem"

On August 6, at the Youngone Trading Myeongdong headquarters in Jung-gu, Seoul, Youngone Trading signed a memorandum of understanding (MOU) with Sam ES Machinery, a leading domestic manufacturer specializing in circular knitting machines. Under the agreement, 180 domestically produced circular knitting machines will be installed over the next two years at Youngone Trading’s global production bases in Uzbekistan, India, and Kenya. The total scale of the project amounts to approximately 10 billion won.

Circular knitting machines are essential textile equipment used to produce knit fabrics for products such as T-shirts and sportswear. These machines continuously knit yarn in a cylindrical formation, enabling high productivity and uniform quality, which makes them widely adopted in global apparel manufacturing plants.

Yeongwon Trade - SAMS Machinery Business Agreement. Yeongwon Trade

Sam ES Machinery is a leading textile machinery manufacturer in South Korea and, through this agreement, will sequentially supply circular knitting machines to Youngone Trading’s global production facilities. With this partnership, Youngone Trading will establish a stable equipment supply system across its global network and significantly strengthen both production efficiency and quality competitiveness.

Jae Yong Park, Head of the Textile Business Division and President of Youngone Trading, stated, “This agreement goes beyond simply purchasing equipment — it marks a crucial starting point for mutual growth with the domestic textile machinery industry and for enhancing the competitiveness of global supply chains together. We will continue to expand collaboration with outstanding domestic companies, not only to establish a stable supply chain, but also to contribute to the sustainable growth and global competitiveness of Korea’s textile industry.”

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