[INQ. NO. 2211M17] TAEWON PRECISION COMPANY, established in 1994, specializes in manufacturing cutting consumables and accessories using plasma and gas and producing various types of cutting and welding equipment and materials, 100% locally produced.
Its main customers include Korea’s top-three shipbuilders: Samsung Heavy Industries, Hyundai Heavy Industries, and Daewoo Heavy Industries & Machinery.
The company also owns a local subsidiary in Japan, doing brisk business, and supplies products made in Korea to large Japanese dockyards.
The company’s plasma-cutting products provide stable quality with moderate price compared to Japanese or European products, and they are thus popular due to their outstanding price competitiveness.
In particular, it is noteworthy that their quality is recognized so highly that the company supplies through OEM to Japanese and German brands that comprise the absolute majority in global market share.
The company itself produces and supplies not just key products including electrodes, nozzles, and insert caps, but also most of the consumable parts used in plasma-cutting machines including torches, marking powder, and cables.
Its products are designed for 100% compatibility with Japanese, American and European products.
Moreover, the company possesses dozens of intellectual property rights resulting from research and development through the company’s own research center for government certification.
TAEWON PRECISION COMPANY is a small but strong company, while most of the companies producing plasma-cutting parts are major global companies.
Accordingly, the company can supply products customized according to individual customers’ requirements within a short time, which is the outstanding feature of the company.
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