[Click eStock] "MTI, Benefiting from the Expansion of Smart Factory Adoption"

[Asia Economy Reporter Hyungsoo Park] Kiwoom Securities analyzed on the 18th that M2I has secured growth momentum through diversification of its front-end industries.

M2I is a specialized company in smart factory solutions. It builds systems for workplaces transitioning to smart factories.

Jaeil Park, a researcher at Kiwoom Securities, stated, "The smart factory market is expected to grow at an average annual rate of 9.3% until 2022," and "The domestic smart factory market is expected to grow at an average annual rate of 10.1% until 2022."

He continued, "Due to the COVID-19 pandemic, more workplaces are adopting unmanned and automated systems," and "The market growth rate will accelerate due to cost, time, and labor efficiency improvements associated with the smart factory transition."

Researcher Park analyzed, "M2I's main front-end industry is semiconductors, accounting for 43% of sales in the first half of this year," and "It is expected to benefit from increased investments by major clients such as Samsung Electronics and SK Hynix."

He emphasized, "The company is focusing on diversifying front-end industries and expanding its client base to displays, secondary batteries, automobiles, and bio sectors," and "It has delivered initial quantities to domestic secondary battery cell companies LG Chem and SK Innovation."

Additionally, he explained, "Orders for Mando have increased due to the localization of foreign products," and "Related sales will continue to grow steadily with the expansion of smart factory adoption."