[Amazing Korea] Korea to Boost Economic Cooperation with Iran

Korea to Boost Economic Cooperation with Iran

 

  

The Ministries of Trade, Industry & Energy, Strategy & Finance and Land, Infrastructure & Transport announced on Jan. 21 that they voted for a plan for the promotion of business in Iran so that joint-stock automobile companies can be established in Iran and cooperation projects can be launched in the shipbuilding and port industries of the country where economic sanctions were recently lifted.

The plan includes financing assistance for more plant construction orders from Iran, cooperation in production by means of a complete knockdown and the like, and collaborations between the Korean and Iranian governments. In the automobile industry, joint-stock companies are to be set up and models are to be developed with Iranian manufacturers. At the same time, business conferences and forums are held so that more Korean medical equipment and agricultural machinery manufacturers can find opportunities in the Middle Eastern country.

Iran’s feasibility studies regarding port development are to be supported by Korea and IR sessions are organized as well. Furthermore, the cooperation between the two countries is expected to the take the form of the resumption of ICT cooperation committee activities, assistance for the penetration of the halal food market, a customs mutual assistance agreement, and other projects. Business agreements are to be scheduled with regards to healthcare policy, hospital design and medical system coordination, too.


Export factoring and forfeiting are to be utilized for the export of more products, while a framework agreement worth 5 billion euros (US$5.4 billion) will be concluded for financial assistance in the fields of hospital establishment, power generation and so on. Also, a dollar-covering settlement system will be introduced, while Korean banks are allowed to set up branches in Iran.


SOURCE : http://www.businesskorea.co.kr/english/news/money/13653-business-promotion-iran-korea-boost-economic-cooperation-iran

[SIMTOS Story] Tool & Related Equipment (Hall 9, KINTEX2)

- Tool & Related Equipment (Hall 9, KINTEX2)

Daebung Enterprise to feature Tool Prestter of Parlec

Deabung Enterprise will introduce Tool Prestter of Parlec at SIMTOS 2016. This Tool Prestter is famous for its stability and accuracy of repetition. It is also durable and rarely causes problems. It is designed based on FEA. It has gone through severe tests and simulations. It has strong columns made by casting method so that thermal expansion and reduction is minimal. Its ratio of thermal distortion is below 50%. Last but not least, it has straightforward interface. Users can measure and print out a lot of things such as measurement of length and complex profile forms. 

Stand # (09F940)           Contact: +82-32-666-2464       Website www.dbenter.co.kr

Products Cyliner grinders, Multi grinders, Inner side grinders, Flat surface grinders, Centerless grinders, Tool grinders

Demand industry Space aviation, Automobile, Medical, Shipbuilding, Metal processing and Industrial machines

Main customers  Hyundai-Kia Motors, Schaeffler Korea, DTR, Ace Diamond and Other companies.

Genentec to feature ‘CBN/DIA WHEEL’

A grinding tool-specialized manufacturer, Genentec, will introduce large amount of DIAMOND, CBN grinding wheels and grinding tools for difficult-to-cut materials. Genentec has been gaining its popularity for its high quality products in the European market and its export has been increasing. The company sells products which are suitable for heavy cutting with its excellent grinding ability and other rubber bond grinding wheels [D5] which are comprised of resinoid, epoxy and vitrified.

Stand # (09G625)          Contact: +82-32-812-1520       Website www.genentech.kr

Products Grinding belts, Grinding clothes, Grinding materials, Dressers, Router bits, Drawing tools and Others

Demand industry Space aviation, Energy, Automobile, Electronic, Construction, Chemistry/Oil, Medical, Logistic, Shipbuilding, Metal processing, Heavy equipment, Industrial machines, Trading, Agriculture, Home appliance, Architectural engineering and Consumption goods

Main customers YG-1, Maphal

Hana Commercial to introduce automatic welding machines, cutting tools and ultralight materials

Hana Commercial mainly deals with automatic welding machines which automatically weld alloy to circular saws. The company also supplies ultralight materials which are the main components of cutting tools. The company will introduce the whole range of products supplied in Korean market such as ultralight cylinder sticks newly invented with innovative technology, solid carbide sticks, grinding tools for turning, milling and grooving and high frequency automatic welding machines.

Stand # (09F730)       Contact: +82-32-515-6381      Website www.hanacommercial.com

Products Robotic welding machines, milling cutters, special tools, inserts, milling chucks, Tap holders, Boring heads and Others

Demand industry Metal manufacturing and Industrial machines 

A cutting tools-specialized company, Widin, to introduce highly durable tap series, tool holders and end mills

An ultralight cutting tools-specialized manufacturer, Widin, will introduce highly durable tap series including carbide taps, high speed taps, easy-to-chuck and accurate tool holders, carbide, which is one of the ultralight materials as well as main products, end mills and a range of drill products. The insider has said “We will do our best to fulfill our clients’ satisfaction. We will find the most effective promotion channels to promote our products.”

Stand #  (09F910)           Contact: +82-55-291-9903             Website www.widin.co.kr

Products End mils, Drill, Rimers, 5-axis machining centers, milling cutters, Die & Mold tools, Special tools and Others

Demand industry Space aviation, Automobile, Electronic, Medical, Logistic, Shipbuilding, Metal processing, Industrial machines, Trading and Home appliance

[SIMTOS Story] Parts Materials & Motion Controls (Hall 1-5, KINTEX1)

Parts Materials & Motion Controls (Hall 1-5, KINTEX1) 

Kumkang Commercial Company, a supplier of caliper brakes for CNC machine

Kumkang Commercial Company provides caliper brakes of Italian company, COREMO which is one of the strategic partners of German company, Siemens in Korean market. The company will introduce caliper brakes for CNC machine of COREMO at the upcoming SIMTOS 2016. The caliper brakes have pads which are made of magnetic so that they are detachable and easy to change. They also have a warning alarm to make users change wear plates timely. Users can check whether the brakes work or not from a pilot lamp. The brakes are used to stop spindle shaft of machine tools, large winches of vessels, winches of tugboats, drill ship.

Booth number 01B240          Tel +82-2-2026-8731        Website    www.ogura.co.kr

Demand industry Energy, Electronic, Chemistry/Oil, Medical, Shipbuilding, Metal manufacturing, Industrial machines

Products Numerical control lathes, Numerical control automatic lathes, Numerical control vertical lathes, Multi shaft automatic lathes, Multi manufacturing machines and Others

AT Company to feature quiet and easy-to-manage ‘Air Transporter’

A leader of air pressure machine manufacturers, AT Company, produces air pressure automation machines. The company exports their products worldwide including Japan, Germany, Singapore, Taiwan and China. At the upcoming SIMTOS 2016, the company will promote ‘Air Transporter’ which is invented for the first time in Asia. Air Transporter keeps users safe from dangerous situations when they do press works and also protects the forms of metal at the same time. It has high productivity and simple to install. It does not make noise and cost much maintenance expense as it consists of compressed air and simple components. .   

Booth number 02A050          Tel +82-32-652-4735        Website www.atcompany.co.kr

Main customers POSCO, Samsung Electronics, Dongbu Lightec

Demand industry Automobile, Electronic, Industrial machines, Trading, Agriculture, Home appliances, other transportation and Others

Products Feeders, Lifts, Hydraulic cylinders, Conveyors, Hydraulic components and Accessories

Sambo Corporation to introduce spindles of IBAG 

Sambo Corporation is the official Korean branch of Swiss high-speed motor spindle manufacturer, IBAG. Spindles of IBAG are widely used in mobile phone components manufacturing, carving machine, teeth drilling machine at SIMTOS2016. Most of all, it is expected that its application scope of ball bearing spindles and spindle solution which is improved downside of air bearing spindles will draw huge attention from participants. In addition, drives, motors and encoders are waiting to be introduced.

Main customers Hyundai Wia, Doosan Infracore, Namsun Tool

Demand industry Space aviation, Energy, Automobile, Electronic, Medical, Logistic, Metal processing, Heavy Machinery, Industrial machine and Other transportation

Products Spindle units, High Frequency spindle units, drives, motors, gears, ball screws/nuts and Others

Daedong Index to feature ‘Index drive DRC170’

An index-specialized company, Daedong Index, will introduce their products including Index drive ‘DRC170.’ The main product, DRC170 (Dae dong Rotary Table for CNC), has Motion Control Unit which is upgraded from worm gear method and uses servo system. It does not cause backlash and clamping. It brings about rolling contact by pre-loading so that it is semi-permanent.

Booth number 05A560           Tel 02-807-1381         Website www.indexdrive.co.kr

Main customers Hyundai Motors, LG Electronics and Other companies

Demand industry Metal manufacturing

Products Rotary tables, Multi manufacturing machines, Horizontal machining centers, Vertical machining center, 5-axis machining centers and Others

Korean Machine Tool Market Trend in September

Korean Machine Tool Market Status (September, 2015)

 

☐ (Orders) ‘15. September  Machine Tool Order ￦2,089B(MoM +10.4%, YoY -34.6%)
o (Domestic Orders) ￦1,414B(MoM +14.3%, YoY -10.7%),
   (Export Orders) ￦675B(MoM +3.1%, YoY -58.1%)

o (By product)
NC Metal Cutting(￦1,672B, MoM +10.4%)
Metal Cutting (￦101B, MoM +35.0%), 
Metal Forming(￦ 317B, MoM +65.7%)

o (By industry)
Automobile(￦716B, MoM +35.4%),
Steel‧Nonferrous Metal(￦26B, MoM -73.3%), 
Machinery(￦217B, MoM -9.4%),
Electric‧Electronics‧IT(￦132B, MoM +2.2%)

*Metal products(￦91B, MoM +12.2%), Shipbuilding‧Aviation(￦59B, MoM +6.6%),
 Precision Machinery(￦42B, MoM +269.8%)

o Machine Tool Orders(January ~ September) ￦28,091B(YoY -7.8%)
 (Domestic Orders) ￦ 12,941 B, YoY -7.8%,
 (Export Orders) ￦12,948B, YoY -7.9%

☐ (Production) ‘15, September Machine Tool Production ￦2,391B(MoM -3.7%, YoY -14.8%),
   Shipment ￦2,465B(MoM -12.6%, YoY -18.4%)
o Machine Tool Production(January~September, 2015) ￦26,013B(YoY +2.4%)


☐ (Exports, September, '15) $154M(MoM -25.2%, YoY -33.0%)
o Sub total of Exports (Jan.~September, '15) $1,784M(YoY -25.2%)

- By Region
Asia($815M, YoY+10.3%), North America($293M, YoY -5.4%), Europe($337M, YoY -19.5%), Central and South America($254M, +196.0%)

*ratio of Exports(‘15.Jan.~September) by region : Asia(45.7%), Europe(21.1%), North America(16.4%)Central and South America(14.2%)

☐ (Imports, September, '15)$104M(MoM -1.2%, YoY -18.0%)

o Sub total of Imports (Jan.~ September, '15) $1,073M(YoY -4.3%)

- Asia($708M, YoY +0.9%), North America($45M, YoY -8.7%),
 Europe($313M, YoY -14.6%)

*ratio of Imports(‘15.Jan.~September) by region : Asia(65.7%), Europe(29.4%),
 North America(4.3%)

*￦ : Korea Won, $ : US dollar, B= Billion,  M=Million

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SIMTOS Matchmaking4U in China
with DUCK MYUNG CO., LTD.

 
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[KMTI ⑪] Korean Shipbuilding Industry in 2013

Status of Korean Shipbuilding Industry in 2013

Orders

As the global shipbuilding order volume increased 92.5% year-on-year in 2013, domestic shipyards (based on the nine member companies of Korea Offshore & Shipbuilding Association) won 13.69 million CGT of newbuilding orders in the year, up 90.9% from 2012.

In terms of ship type, orders for bulk carriers, containerships, tankers, etc. increased in the major commercial ship sector while orders in the offshore sector were sluggish compared with the previous year. Of particular note, orders were steady for medium-range (MR) tankers due to enhanced fuel mileage, lower ship price and more favorable charterage than other ship types. Meanwhile, drillship orders, most of which were won by large Korean shipyards, decreased year-on-year.

New Shipbuilding

In 2013, the shipbuilding volume of Korean shipyards recorded 12.50 million CGT, down 8.1% from 2012. In the midst of a year-on-year decrease of 21.8% in the global shipbuilding volume, Korean shipyards also experienced a reduction due to declines in work in progress, delay in ship delivery schedules, etc.

By ship type, containerships still accounted for the largest ratio of 40.1%, followed by tankers at 21.2% and bulk carriers at 7.5%. In the case of high value-added containerships, meanwhile, Korean shipyards built nine ships in 2013 compared with one ship in 2012.

Exports

In 2013, Korea's ship exports decreased 6.6% year-on-year to US$37.1 billion, which fell short of the US$40.5 billion projected at the beginning of the year due to a decline in shipbuilding volume and delay in deliveries.

The ratio of the shipbuilding industry in the nation's total exports was less than 10% for the second consecutive year due to declines in export unit prices. However, the industry is still playing a locomotive role in the development of the national economy as one of the largest export sectors. 

[KMTI] Navigating Major End-User Industries : Shipbuilding

Creating Blue Ocean With Offshore Platforms

Riding the wave of offshore supremacy, the order volume secured by Korean shipbuilders in 2012 reached about US$30 billion, according to Clarkson's data. 

Korean shipyards reconfirmed their global competitiveness particularly in the fields of offshore plants and high value-added ships by winning 73% of the world's LNG carrier orders (24 ships, about US$4.9 billion) and 67% of drillship orders (26 ships, about US$9.3 billion).

Among the two units each of LNG-FPSO and FPSO (about US$770 million/unit) ordered throughout the world in 2012, Korean shipbuilders clinched one of each and also won all four units of LNG-FSRUs (about US$1.2 billion) ordered last year.

The market scale of the global offshore equipment industry exceeded US$150 billion in 2012 and is projected to continue strong annual average growth of 7% for the next 20 years.

This year, Korea’s enthusiasm for the offshore sector is expected to heat up even further as major shipyards, including Hyundai Heavy Industries (HHI), Samsung Heavy Industries (SHI) and Daewoo Shipbuilding & Marine Engineering (DSME), have established a combined order-securing target of US$58.8 billion in which the offshore sector has taken the lion’s share.

Under this changing industrial landscape, domestic marine equipment companies are turning increasingly to production of equipment and materials for offshore plants. A survey conducted by the Leading Industry Development Support Corps for Southeastern Economic Region in June last year on 1,000 marine equipment companies based in the region found that about 300 companies (30%) were manufacturing and supplying single-product-type or module-type offshore plant equipment and materials, although the scales differed.