Keystron Co., Ltd. announced on the 28th that it submitted a securities report to the Financial Services Commission and will begin full-scale efforts to list on KOSDAQ.
Established in 1992, Keystron, an affiliate of the Korea Iron and Steel Group, has been achieving stable sales through premium lead wire and cable wire, solar power generation, and rental businesses. Keystron achieved sales of KRW 69 billion last year, up 23% year-on-year, operating profit of KRW 5.9 billion, and net profit of KRW 8.8 billion, up 267% year-on-year.
Premium lead wire is used to manufacture lead wire, a lead tab component for capacitance that is inserted (a method in which components are directly mounted on the surface of the PCB) into the PCB (Printed Circuit Board) of electronic devices. Cable wire is supplied and utilized in infrastructure industries such as construction, civil engineering, plants, and power plants.
In particular, Keystron is evaluated to have built a stable market share base both technically and institutionally. This is because it is not easy for new companies to enter the market due to high-difficulty licensing and environmental regulation compliance, and it has long-standing production know-how to maintain consistent quality.
Keystron CEO Min-ho Jeong expressed his ambition, saying, “Based on the business capabilities we have accumulated, Keystron will grow into a global top-tier company encompassing both steel and non-steel by pursuing new businesses such as ▶MCF (metal-clad carbon fiber) for automotive seat heating wires, ▶high-purity aluminum wire and aluminum alloy, and ▶CCA (Copper Clad Aluminum) for motor windings.”
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