[Click eStock] "SPG, Beneficiary of K-Robot"

Shinhan Investment Corp. analyzed on the 3rd that SPG is expected to be re-evaluated as a key supply chain for K-robotics.

Choi Seunghwan, a researcher at Shinhan Investment Corp., stated, "The new growth engine is precision reducers for robots," and explained, "Japanese companies occupy 80% of the precision reducer market." He added, "SPG succeeded in domestic production of planetary reducers in 2010, harmonic reducers in 2016, and cycloid reducers in 2020, respectively," and "Among domestic reducer companies, SPG has the most outstanding mass production capability."

He also emphasized, "There is a significant benefit from localization of parts when domestic large companies mass-produce robots," and "SPG is supplying prototypes of wearable actuators as a mass production target this year."

Researcher Choi analyzed, "Sales of geared motors for industrial automation in the U.S. are increasing," and "SPG is receiving indirect benefits due to tariffs imposed on Chinese products." He explained, "Currently, SPG is supplying OEM products to production lines of five major U.S. companies including GE and Coca-Cola," and "aims to expand the number of U.S. clients to 13." Additionally, he said, "Sales for FFU and EFU used in semiconductor cleanrooms are also increasing," and "Since October last year, SPG has started supplying to Samsung Electronics' semiconductor plant in Texas and display plant in Tangjeong."