- CEO
- Young-Kyu Lee
- Full Time Employees
- 128
- Sector
- Producer manufacturing
- Industry
- Industrial machinery
- Address
- 60, Jayumuyeok 1-gil Gunsan-si NJ South Korea 54001
- IPO Date
- Nov 24, 2009
- Business
- KANGWON ENERGY Co., Ltd. manufactures and supplies industrial plant equipment, specializing in energy plants, secondary battery production systems, and related engineering services; its core offerings include water tube steam generators, waste heat boilers, heat recovery steam generators, sulfur recovery units, hot oil heaters, PD mixers, storage vessels, powder weighing and transfer systems, electric heater dryers, electromagnetic filters, jet mills, roll crushers, and sievers for cathode material manufacturing, along with comprehensive engineering, procurement, construction, installation, and commissioning services across heat, basic, and detailed design phases. The company operates primarily in the industrials sector, focusing on industrial machinery, boilers, chemical equipment, environmental energy equipment, and new renewable energy segments, serving clients in power generation, petrochemical, and battery manufacturing industries with a presence centered in South Korea and extending to international projects. Founded in 1976 and headquartered in Gunsan-si, South Korea, it changed its name from KANGWON Co., Ltd. to KANGWON ENERGY Co., Ltd. in October 2021 to reflect its expanded focus on energy solutions; recent developments include a 2025 strategic partnership with Noveon Magnetics to establish a 2,000-ton annual capacity NdFeB rare earth magnet production facility in South Korea, set to commence operations in 2027, leveraging the company's EPC expertise in powder handling, thermal treatment, and factory automation, as well as financing in 2024 for subsidiary expansion into lithium hydroxide and cathode material businesses amid favorable raw material pricing.