Spear Demonstrates Execution by Overcoming Special Alloy Procurement Challenges... Cumulative Orders Surpass 100 Billion Won After Merger

On December 16, Spear announced that following its merger with Spear Korea earlier this year, the cumulative value of single sales contracts in its aerospace special alloy business has surpassed 100 billion won.

This milestone includes a newly disclosed contract worth 4.72 million dollars (approximately 6.9 billion won), signifying that Spear has entered a phase of structural growth in the high-value-added special alloy sector.

Spear officially completed its merger with Spear Korea in March. Considering that Spear Korea secured orders worth about 32.5 billion won and achieved sales of 21 billion won in the first quarter of this year just before the merger, industry observers note that Spear’s supply base has already achieved substantial stability and has now entered a full-fledged growth phase following the merger.

The special alloy sector is known for the extreme difficulty of securing new contracts, and a company's ability to fulfill orders after winning them is a key determinant of competitiveness. Due to the high specifications of these products, even after production is completed according to the initially agreed specifications, various modification requests typically arise before the final product stage. Companies must immediately and accurately incorporate these changes to meet process and quality standards. This process is time-consuming and is an area where differences in capabilities between companies become most apparent.

In particular, companies that successfully complete the "technology and quality coordination process" through close communication with customers tend to secure long-term partnerships, leading to stable revenue streams. Only those companies that reliably manage everything from basic processes and quality standards to fine specification adjustments can earn the trust of their clients, after which their supply scale typically expands rapidly.

Spear’s recent contract performance demonstrates that the company has entered this very stage. It has secured the capability to respond to initial specifications and ensure mass production process stability, while also reliably accommodating client requests for specification changes and delivery schedule adjustments, thereby establishing a foundation for long-term cooperation. The fact that cumulative orders have surpassed 100 billion won is not simply a matter of increased contracts, but rather indicates that Spear’s supply capabilities have been recognized by clients as those of a "stable and reliable partner."

Spear stated, "The sustainability of growth in the special alloy industry cannot be explained by short-term orders alone. The core competitive edge lies in operational capabilities that precisely reflect clients’ evolving requirements while meeting delivery deadlines," adding, "Based on our unrivaled supply position and proven track record, we plan to pursue gradual yet strategic expansion beyond aerospace into adjacent sectors such as energy and semiconductors."