DYPNF, the No.1 domestic company in powder conveying systems, has once again succeeded in securing the largest-scale new order. Currently, DYPNF's order backlog has surpassed 620 billion KRW, more than five times last year's sales.
On the 13th, DYPNF announced that it signed an EPC (Engineering, Procurement, and Construction) contract worth 156 billion KRW with Sambak LFT. This amount corresponds to 137.91% of last year's sales.
Sambak LFT, a subsidiary of Lotte Chemical, mainly produces functional advanced materials. Sambak LFT is investing a total of 450 billion KRW to establish a new compound factory for manufacturing functional advanced materials on a 246,874㎡ site within the Yulchon Industrial Complex. This contract is part of that project.
DYPNF will be responsible for the entire EPC process, including raw material conveying equipment, ▲detailed engineering ▲procurement of equipment and materials ▲installation and construction.
Through this order, DYPNF has achieved a record-high order backlog exceeding 620 billion KRW. This secures a medium- to long-term growth engine based on a high-quality order backlog.
A company official stated, "We have been recognized by our clients for our excellent design and supply capabilities, leading to consecutive large-scale contract wins recently," adding, "We will continue our growth by successfully securing projects in upcoming global mega projects in Qatar, Kuwait, Saudi Arabia, and others expected next year."
Meanwhile, DYPNF is expanding its presence in new business areas such as secondary batteries, waste batteries, and waste plastics, based on its high-level powder conveying technology and diverse references. In the third quarter of this year, it recorded consolidated sales of 101.1 billion KRW and operating profit of 2.4 billion KRW, successfully turning a profit compared to the same period last year.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
