IPEC: A Specialty Manufacturer of Ultra-Precision Processing Parts and Molds Products

[INQ. NO. 1307M04] Seoul-based IPEC High Precision has been rapidly growing into a specialty manufacturer in Korea of a wide spectrum of high-precision non-compliant machinery parts – based on its own competitiveness secured through technology innovation, continuous investment in R&D, and training of core personnel since its establishment in 2000.

 
IPEC’s superb ultra-precision processing components are currently delivered to Parker, a UK-based globally-renowned fountain pen maker and an Italian hot runner specialty venture.
Operating six major business sections of hot runner system, ultra-precision processing, semiconductor, automobiles, aerospace, and defense parts, IPEC is especially focusing on highly value-added ultra-precision processing parts so as to fully compete against those from such advanced countries a Germany, Japan.

For export of its highest-quality ultra-precision items, IPEC is manufacturing its products conforming to the manufacturing levels on par with international levels, in cooperation with the country’s well-known global level related institute.

 
Furthermore, IPEC has recently started increasing the quality of its products by massively investing in facilities including 5-axis high-speed processing machine upon sensing the need for such equipment after participating in numerous overseas precision-processing exhibitions.

 
“When considering home and abroad precision processing markets, the desirable level of 50~70% ratio of its total sales should be made in the form of export from the current 30%. Strong investment in facilities is essential in order to fully produce the highest-quality products that can satisfy the demands of foreign buyers,” the company’s president Kwang Seung-won said, revealing strong confidence in securing overseas markets.

 
Following its remarkable first export drive started with a U.S partner, the company has consistently succeeded in expanding its export destinations into Japan, the UK, Italy, Australia, Indonesia, etc.

 
“The solution of dependency of precision parts in overseas markets significantly depends on their localization by domestic ventures armed with technological prowess,”
Kang noted expressing his interest in domestic defense parts together with existing foreign market ones.

 
He added when asked about the current reaction from overseas markets: “We are currently witnessing the high reputation of Korea’s ultra-precision technology and competitiveness of parts production among participating global buyers of various kinds of overseas precision parts exhibitions.”
And this maker has recently expanded its business portfolio into molds manufacturing along with the existing business areas – based on the processing technology accumulated over the past years.

 
 
• IPEC High Precision Inc.
1000-3, Doksan-dong, Geumcheon-gu, Seoul, Korea
Tel:(82-2) 852-5079
Fax:(82-2) 865-0079
E-mail: export@ipeckorea.com
Website: ipeckorea.com