| Metals & Mining Industry | Materials Sector | - CEO | KRX SM Exchange | - ISIN |
| South Korea Country | - Employees | - Last Dividend | 19 Oct 2012 Last Split | - IPO Date |
Formetal Co., Ltd. is a prominent metal forging company based in Seosan, South Korea, characterized by its comprehensive engagement in various forging activities. With its roots tracing back to 1969, the company initially operated under the name Hyup Jin Metal Forging Ind. Co., Ltd., before rebranding to Formetal Co., Ltd. in December 2009. This change marked a significant milestone in the company's journey towards innovation and excellence in the forging industry. Formetal specializes in a wide range of forging processes, including free, metal, composite, and non-ferrous metal forging, catering to diverse industrial requirements. The company's expertise is not limited to South Korea; it extends its services globally, leveraging decades of experience to meet the intricate demands of the wind power generation, defense, industrial machinery, automobile, agricultural machinery, and other specialized industries. This vast array of industries served underscores Formetal's versatility and dedication to quality and precision in forging operations.
Formetal supplies critical components such as RV gears, hold flanges, and shafts tailor-made for the wind power generation sector, showcasing their expertise in producing durable and high-performance parts for renewable energy applications.
The company manufactures a variety of high-strength, precision parts for the defense industry, including eyes, ice cleats, sprockets, oil caps, wear rings, hubs, wheels, and alex arms. These components are designed to meet the rigorous standards of military and defense applications.
For the industrial machinery sector, Formetal provides robust and reliable components such as boom, center, and front bearings, along with sprockets, supporting the heavy-duty requirements of industrial operations.
The company offers a comprehensive range of products for the automotive industry, including yokes, spindles, steering knuckles, arms, rack pistons, pitman arms, sector shafts, poles, and fork shifts. These components are essential for manufacturing vehicles that meet high standards of safety and performance.
Understanding the unique needs of the agricultural sector, Formetal produces connecting rods, and crank and cam shafts. These components are critical for the operation of various agricultural machinery, emphasizing durability and efficiency.
Formetal also caters to a broad range of other industry applications by providing wheels, cylinders, hubs, oil caps, and strut spades. These products demonstrate the company's flexibility and capability to meet diverse manufacturing needs across different sectors.