- CEO
- Bum-Ho Lee
- Full Time Employees
- 55
- Sector
- Producer manufacturing
- Industry
- Trucks/Construction/Farm machinery
- Address
- Busan South Korea
- IPO Date
- Dec 17, 2004
- Business
- KSP Co., Ltd. (KRX:073010) is a South Korea-based specialized engineering and manufacturing company primarily engaged in the production of critical components for marine and stationary diesel and gas engines, precision die forgings, and advanced friction welding solutions. Founded in 1991 as Special Welding Co. and headquartered in Busan, South Korea, the company operates as an affiliate of Kumkang Kind Co., Ltd. following its acquisition in 2018. KSP Co., Ltd. specializes in high-temperature, wear-resistant metallurgical components and holds manufacturing approvals and design certifications from major global marine engine licensors, including MAN Energy Solutions, WinGD (Winterthur Gas & Diesel), and HD Hyundai Heavy Industries.
The company operates through three core business divisions: the Engine Valve Division, the Die Forging Division, and the Friction Welding and Surface Engineering Division. Its primary product and service offerings comprise: marine and stationary engine exhaust valve spindles for two-stroke low-speed and four-stroke medium-speed diesel and dual-fuel engines; valve seat rings and valve spindles manufactured from heat-resistant alloys and superalloys such as Nimonic; precision closed-die forged products, including industrial ring gears, flanges, connecting rods, cylinder covers, piston crowns, turbine shafts, and heavy machinery forging parts; friction welding services specializing in the solid-state bonding of dissimilar metals, including high-temperature alloy heads joined to structural steel stems for large-diameter valve spindles; and automated hardfacing, plasma transferred arc (PTA) overlay cladding, and comprehensive valve reconditioning and repair services. The company utilizes proprietary electrical upsetting pre-forming technologies, automated computer numerical control (CNC) machining lines, and in-house heat treatment processes to deliver components compliant with international classification standards including ABS, BV, DNV, KR, LR, NK, and RINA.
KSP Co., Ltd. serves tier-one marine engine builders, shipbuilding conglomerates, power generation equipment providers, and industrial machinery manufacturers. Its primary geographic footprint encompasses manufacturing and technology facilities in Busan, South Korea, with extensive commercial operations and export networks spanning South Korea, China, Japan, Southeast Asia, Europe, and North America. Key corporate clients include HD Hyundai Heavy Industries, Hanwha Engine, STX Engine, and prominent state-owned and private engine builders across the Asia-Pacific region.
In recent developments, KSP Co., Ltd. has expanded its production capacity and technological footprint through major facility relocation and manufacturing infrastructure investments in Busan to address surging global shipbuilding demand and high-margin eco-friendly dual-fuel engine orders. The company achieved historic operational milestones, with its total order backlog surpassing KRW 115 billion and quarterly revenues exceeding KRW 30 billion. Strategically diversifying beyond marine propulsion, KSP Co., Ltd. has expanded into medium-speed engine components for land-based distributed power generation, driven by backup power infrastructure demand from AI data centers. Furthermore, the company was selected as the lead research institution for a KRW 27 billion national research and development initiative focused on developing high-performance structural components and next-generation advanced materials for the defense, aerospace, and energy sectors.