- Full Time Employees
- 161
- Sector
- Producer manufacturing
- Industry
- Auto parts: OEM
- Address
- Changwon South Korea
- IPO Date
- Jun 30, 2023
- Business
- ALMAC Co., Ltd. is a South Korea-based company primarily engaged in the development, extrusion, and manufacturing of precision aluminum materials and lightweight structural components for the automotive, electric vehicle, and industrial sectors. Founded in 1973 as Kyungnam Metal Co., Ltd. and rebranded to ALMAC Co., Ltd. in 2020, the company is headquartered in Changwon, South Korea. ALMAC operates across three primary business segments: Electric Vehicle Components, Automotive Lightweight Parts, and Industrial Materials. Its core product portfolio comprises electric vehicle battery systems and platform structures, including extruded aluminum battery module cases, high-voltage battery pack frames, battery end plates, module cooling blocks, and crash-resistant side sill members; automotive structural and chassis solutions, including bumper beams, roof rails, sub-frames, body-in-white structural reinforcements, powertrain vibration-damping brackets, and hydrogen vehicle components; and industrial aluminum profiles, including automation conveyor rails, industrial machinery frames, heat exchanger tubes, and aerospace-grade high-strength extrusion billets. The company serves global automotive original equipment manufacturers, Tier-1 suppliers, and battery cell producers, including LG Energy Solution, SK On, General Motors, Rivian, Lucid Motors, and Linamar. Geographically, ALMAC operates domestic manufacturing and research facilities in Changwon, Miryang, and Sacheon, alongside international operations in North America and Europe. In recent developments, following its initial public offering on the KOSDAQ market under ticker 354320 in June 2023, the company accelerated its North American expansion by acquiring and commissioning an extrusion manufacturing facility in Eufaula, Alabama, complementing its logistics facility in Montgomery, Alabama, to localize component supply for United States electric vehicle programs. ALMAC also increased its domestic manufacturing capacity through the installation of large-scale extrusion press lines yielding 20,000 metric tons of annual capacity at its Sacheon plant through subsidiary AR Aluminum, secured a major multi-year supply contract valued at approximately KRW 190 billion with a global automaker for deliveries through 2030, and expanded its proprietary crash-alloy materials into aerospace and defense applications by supplying qualified high-strength, heat-resistant aluminum structural components to North American launch vehicle and satellite developers.