[Asia Economy Reporter Park So-yeon] Dongyang Piston is hitting the upper price limit.
As of 9:47 AM on the 8th in the KOSPI market, Dongyang Piston is trading at 9,840 KRW, up 2,270 KRW (29.99%) from the previous day.
Dongyang Piston, established in June 1977, is a piston-specialized company that produces and sells engine pistons for internal combustion engines.
By acquiring Oriens, it has established itself as the number one piston company in Korea and produces pistons at local subsidiaries in China and Mexico.
To actively respond to the demand for eco-friendly vehicles and enhance corporate value through business diversification, in November 2018, it signed a business acquisition contract for enclosures and manifold blocks for hydrogen fuel cell vehicles from Wooshin Industrial.
In July, it signed a supply contract worth 26.9 billion KRW with Hyundai Motor Company for hydrogen fuel cell vehicle parts. This amount corresponds to 8.37% of last year's consolidated sales.
Its market capitalization is 129.6 billion KRW, ranking 783rd on the KOSPI. The number of listed shares is 13,168,460.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
