Bumhan Mecatec Further Strengthens its Position in the Global Market

 Winning the $400 Million Export Tower
[INQ. NO. 2601M03] Bumhan Mecatec, a global energy plant core equipment company, was awarded the $400 Million Export Tower at the 62nd Trade Day ceremony, further strengthening its position in the global market.
The company’s winning of the Export Tower award marks its third, following the $100 Million Export Tower and $200 Million Export Tower at the 55th and 57th Trade Day, respectively, reaffirming its high status as a global exporter.
Bumhan Mecatec is an export-driven energy company, generating approximately 90% of its revenue from exports. It achieved a 33% increase in sales, from KRW 414.5 billion in 2023 to KRW 550.2 billion in 2024. The company is accelerating both export and sales growth by diversifying its business portfolio, including expanding the global LNG market and strengthening its EPC (engineering, procurement, and construction) capabilities.
Based on its core cryogenic and high-pressure equipment used throughout the LNG value chain, Bumhan Mecatec has established itself as a world-leading supplier of LNG equipment. It has expanded its partnerships with major global energy companies by securing a series of large-scale projects in key energy hubs such as the Middle East, North America, Europe, and Asia.

Furthermore, Bumhan Mecatec is pursuing new energy transition-related businesses, including small modular reactors (SMRs), carbon capture, utilization, and storage (CCUS), power turbines, and engineering, procurement & construction (EPC) projects, solidifying its position as a global energy solutions partner. Building on its cryogenic and high-pressure design and engineering capabilities accumulated in its existing core energy equipment, the company is building a portfolio capable of addressing next-generation energy infrastructure.
On the technological side, Bumhan Mecatec is enhancing its special alloy design, welding, and processing technologies, as well as its precision-analysis-based engineering system. By introducing a digital quality and production management system, Bumhan Mecatec is securing a competitive edge in quality that meets the demanding standards of major global energy companies.

Founded in 1964, Bumhan Mecatec has contributed to the construction of energy infrastructure and the establishment of a stable supply chain around the world, leveraging its 60-year history and expertise.
Bumhan Mecatec maintains long-term, trusted partnerships with major global EPCs and end-users, including Bechtel, Technip, and Aramco — and is further expanding its global project network and market presence.
“Our winning of an Export Tower for the third time is testament to our world-class LNG equipment technology and the trust we have built with our global customers. While further strengthening our existing competitiveness in energy plant equipment, we will also grow into a global energy solutions partner leading the energy transition through new businesses in SMRs, CCUS, power turbines, and EPC,” remarked the company’s CEO.
The CEO added, “We are committed to sustainable growth based on field-oriented communication, responsible management, and a healthy organizational culture. As a leading Korean global company, we will continue to boost our presence in the global energy market.”

 
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