[Click eStock] "DK Lock, Growth in New Business Sectors Including Semiconductors and Hydrogen Fuel Cells"

[Asia Economy Reporter Hyungsoo Park] On the 17th, SK Securities analyzed that DK Lock is sufficiently recognized for its competitiveness in the instrument fitting and valve market, which is dominated by a few global companies.

DK Lock is a manufacturer of instrument fittings and valves. These parts are essential for various industries including petroleum, refining, chemical, shipbuilding, offshore plants, semiconductors, as well as power generation facilities, hydrogen fuel cells, and hydrogen vehicles.

Seungdoo Na, a researcher at SK Securities, explained, "Having completed product compatibility verification with the global No.1 company S, we are expanding marketing mainly in the Americas and Europe," adding, "The effects will become more significant once full-scale economic activities resume following the COVID-19 pandemic."

He continued, "We are adding new business sectors with high growth potential such as semiconductors and hydrogen fuel cells," and added, "We expect to benefit from the expansion of the hydrogen economy, which has become a core part of the Green New Deal policy."

Furthermore, "we are supplying fuel pipe modules and other components to the only hydrogen fuel cell vehicle produced in Korea" and "we also supply fittings and valves for power generation hydrogen fuel cell systems," he said.

Fittings and valves are critical elements that directly affect performance efficiency and safety. Researcher Na judged that the number of fitting and valve companies benefiting from the growth of the hydrogen industry is likely to be limited to a few.