Castec Korea Co., Ltd.
KKRX:0718501,232.00
KRW
+32.00
(+2.67%)
ISIN
KR7071850002
Return %
Stock
S&P 500
1Y
-26.32
14.20
3Y
-20.38
81.12
5Y
-63.33
68.34
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Sang-Won Yun
- Full Time Employees
- 145
- Sector
- Producer manufacturing
- Industry
- Auto parts: OEM
- Address
- Busan South Korea
- IPO Date
- May 27, 2014
- Website
- castec.co.kr
- Similar Companies
- Business
- Castec Korea Co., Ltd. is a South Korea-based precision manufacturing company specializing in the casting, machining, and supply of high-precision automotive components, compressor parts, and industrial castings. Tracing its origins to 1958 as the casting division of Goldstar and established as an independent corporation in 1998, the company is headquartered in Busan, South Korea, and listed on the KOSDAQ exchange. Castec Korea operates across the automotive, industrial machinery, and home appliance sectors, delivering cast iron and ductile iron engineering solutions to global automotive manufacturers and Tier-1 automotive suppliers. The company's core product portfolio comprises turbocharger components, including turbine housings, center housings, and impellers; automotive chassis, powertrain, and braking systems, including brake calipers, carriers, shaft balances, differential carriers, wheel hubs, steering knuckles, rotors, brake discs, cylinder blocks, and mechanical tensioners; air conditioning and compressor components, including fixed scrolls, orbiting scrolls, main frames, crankshafts, and drive shafts; and specialized cast components for heavy construction equipment. To support the global transition toward sustainable mobility, the company also manufactures eco-friendly vehicle parts, including electric vehicle motor housings and turbo-hybrid powertrain components, serving major multinational clients such as Garrett Motion, BorgWarner, and Mitsubishi Heavy Industries. In recent operational and strategic developments, Castec Korea has pursued restructuring initiatives to optimize its financial structure and enhance operational efficiency, executing capital raising programs and expanding authorized capital limits to fund its next-generation business transitions. Operationally, the company has undertaken asset rationalization by restructuring its Chinese operations, including the divestment of manufacturing assets in Suzhou, while concentrating international manufacturing capacity at its CASTEC VINA facility in Vietnam and its domestic production plants in South Korea. Furthermore, Castec Korea continues to diversify its business footprint by targeting high-value product lines across eco-friendly automotive platforms, defense components, and specialized industrial equipment.