[Market Focus] Unitechno Surges 8% on News of Industrial ESS Component Order

Unitechno is showing strong performance in early trading.

As of 9:03 a.m. on August 28, Unitechno was trading at 3,230 won, up 8.39% (250 won) from the previous day.

The company's investor sentiment appears to have been boosted after it announced that it had secured an order to supply industrial ESS (Energy Storage System) components to a leading domestic electrical equipment manufacturer, referred to as Company L, with mass production sales set to begin in October. According to the company, this project is valued at approximately 6 billion won annually, with long-term volume secured through 2031.

Unitechno specializes in engineering plastic injection molding. Leveraging its experience in supplying battery components for automobiles and ESS components for home use, the company has expanded into the high-growth industrial ESS market, further strengthening its product and customer portfolio.

Previously, in October last year, Unitechno broke ground on its first plant in Mexico to supply components for electric and hybrid vehicles destined for North America. Through the Mexico plant, the company plans to supply electric and hybrid vehicle parts to Toyota and Honda in the North American market.