- CEO
- Younwhan Kim
- Full Time Employees
- 242
- Sector
- Non-energy minerals
- Industry
- Construction materials
- Address
- 151, Seongseogongdannam-ro Daegu DA South Korea 704-320
- IPO Date
- Oct 22, 2009
- Business
- Union Materials Corp. Union Materials Corp. (047400.KS) manufactures and sells advanced inorganic materials, including ferrite magnets and fine ceramics, primarily for the automobile, electrical and electronic engineering, and machinery industries in South Korea and internationally. The company produces ferrite magnets such as arc-type magnets for DC motor applications and rectangular block-type magnets for industrial uses; fine ceramics encompassing alumina, silicon nitride, zirconia, and silicon carbide materials; cutting tools comprising ceramic inserts in grades like ST100, ST300, and SN series, cermet tools in TX series grades, PCBN and PCD inserts including SBN1000 and SPD series, tool holders, milling cutters, carbide endmills and drills, and hydraulic expansion chucks; and industrial ceramics such as faucet discs, fiber optic ferrules, metalized parts for microwave ovens and vacuum interrupters, bio-ceramics, dental implants, extruding dies, oxygen sensors, shafts, seals, nozzles, and various jigs. Union Materials Corp. operates through Ceramic and Ferrite segments from its headquarters in Daegu, South Korea, with manufacturing plants in Pohang and Daegu and a marketing office in Seoul; it maintains a global sales network and serves customers worldwide, including recognition as a top supplier to Bosch for its ferrite magnets. Founded on June 30, 2000, as a spin-off from Ssangyong Materials and listed on the Korea Stock Exchange in 2009, the company changed its name from Ssangyong Materials Corp. to Union Materials Corp. in September 2017 and continues to invest in R&D for product enhancements amid consistent sales growth.