Daeyang Metal "Expanding the Proportion of High Value-Added Products"

[Asia Economy Reporter Hyungsoo Park] Daeyang Metal announced on the 22nd that it will maximize profitability by increasing the proportion of high value-added products.

Daeyang Metal recorded sales of 203.6 billion KRW and an operating profit of 15.6 billion KRW last year. Sales increased by 43.9% compared to the previous year, and operating profit increased by 1373%. Net profit for the same period turned positive at 14.1 billion KRW.

Performance improved through long-term restructuring and product portfolio enhancement. By successfully increasing the proportion of high value-added products in total sales, the company laid the foundation to maintain stable performance.

The company improved the Coil Grinding Line (CGL) equipment to enhance surface processing quality. It received high evaluations from customers such as home appliance manufacturers and parts suppliers. The introduction of a new wide slitter expanded post-process production capacity. Last year, high value-added products accounted for 40% of total sales.

Daeyang Metal plans to accelerate its high-gloss stainless steel cold-rolled sheet business. It will continue external growth by expanding new factories. The company is promoting the second phase of maintenance work, including maintenance and rationalization of automotive parts, replacing outdated systems with the latest digital systems. Based on rolling mills and heat treatment facilities, Daeyang Metal will increase productivity in rolling and heat treatment while simultaneously increasing production of high value-added products.

A Daeyang Metal official said, "This year, we will actively respond to market conditions and strengthen business competitiveness by improving our portfolio with high-margin products."