Yulho Invests in Comprehensive Hypothesis Material Specialist 'Seobo Industry'... "Securing Growth Engine Through Business Diversification"

[Asia Economy Reporter Jang Hyowon] Yulho announced on the 23rd that it will invest 16 billion KRW in convertible bonds (CB) in Seobo Industry, a company specializing in construction temporary materials. The plan is to diversify its business and secure long-term growth engines by entering the construction and civil engineering temporary materials business.

Seobo Industry designs and manufactures aluminum forms and Euro forms, which are construction formworks, and leases and sells them to construction companies. It recorded sales of 60 billion KRW last year and has a technology research institute and over 100 related patents, making it a company with both performance and technological capabilities.

The main product of Seobo Industry, aluminum forms, is about five times more recyclable and environmentally friendly with less construction waste compared to existing Euro forms (steel + plywood). Additionally, it is about 50% lighter than existing products and has the advantage of easy assembly construction, leading to an expanding market size.

With Yulho's investment in Seobo Industry, it has secured a stable manufacturing base for temporary materials, and the two companies plan to actively strengthen their sales capabilities through cooperation. They will secure sales personnel and networks targeting construction companies, the main demand source for construction temporary materials. Furthermore, additional investments in Seobo Industry are being considered to prepare mechanisms for mutual growth.

A Yulho official stated, "The construction temporary materials business is stable as it proceeds with annual order plans and guaranteed amounts from construction companies at the time of ordering," and added, "If the two companies cooperate, Seobo Industry's scale and profitability will improve significantly in the future."

He continued, "The domestic construction market is gradually improving due to increased demand from housing remodeling and urban regeneration projects, and large construction projects are continuously planned in overseas markets. Based on Seobo Industry's technological capabilities, we judged that it is possible to pioneer domestic and international construction markets," adding, "We will focus on securing future new growth engines, led by the highly profitable and safe construction temporary materials business."

Meanwhile, Yulho is a company specializing in server and storage solutions. It is the top-tier domestic partner with a 'TITANIUM' rating as a first-tier supplier of the global company Dell Technologies. It supplies Dell Technologies' servers, storage, and software to domestic public institutions and financial institutions.