DA Technology Diversifies Sales with Ferrite Magnets "Entering 9 Trillion Market... Expecting Record High Performance"

DA Techno, a non-rare earth permanent magnet manufacturer, announced on the 16th that it expects record-high performance this year through sales diversification using Mn-Bi (Manganese-Bismuth) ferrite permanent magnets.

DA Techno disclosed its third-quarter results on the 14th through a quarterly report. The company recorded cumulative consolidated sales of 76.6 billion KRW for the third quarter, a 145% increase compared to the same period last year. On a separate basis, cumulative sales increased by 152% year-on-year to 75.2 billion KRW.

A company representative stated, "Due to large-scale orders last year, we expect to achieve the highest sales ever this year," adding, "As an equipment supplier, operating profit is expected to increase significantly in the fourth quarter and the first quarter of next year, when order volumes are fully recognized as sales."

DA Techno supplies 'Z-stacking' and notching equipment to LG Energy Solution. Since LG Energy Solution and Hyundai Motor Group’s U.S. electric vehicle battery joint venture are considering the introduction of the Z-stacking method, the company expects additional orders to be placed by early next year.

The company plans to solidify the foundation for sustainable growth through improved performance and diversification of its profit structure this year. In particular, to respond to large-scale orders continuing next year, it is accelerating the expansion of production capacity (CAPA) by reviewing new factory sites, securing manpower, and developing new equipment.

Meanwhile, DA Techno is pursuing sales diversification through new businesses such as Mn-Bi ferrite permanent magnets. Last month, it established a production line for Mn-Bi ferrite permanent magnets and succeeded in producing a second prototype customized according to the requirements of each customer. After completing the production line within this year, it plans to produce approximately 1,000 tons of Mn-Bi ferrite permanent magnets by next year.

According to the global market research firm FMI (Future Market Insights), the ferrite market size is expected to grow at an average annual rate of 5.2%, reaching approximately 9 trillion KRW by 2032.