Daejin Advanced Materials, a materials specialist, announced on the 21st that it signed a product supply contract worth 15 billion won with Italian plastic parts manufacturer PLASCO TECH. This contract will run for three years from October 2025 to 2028, and approximately 5 billion won worth of products will be supplied annually.
Plascotech is a company with advanced manufacturing processes such as injection molding, automatic painting, and assembly, as well as a quality management system, and operates production and supply chains in global markets including the European and Korean markets. It also has a supply base in major European countries and supplies products to global customers in Germany and other countries.
This contract is part of Daejin Advanced Materials' efforts to expand its business with global customers, and it has previously signed supply contracts with BSH Home Appliances (BSH) of Germany and Oakwood Group, an automotive technology company in the U.S. and Europe.
BSH is a subsidiary of the German Bosch Group in the home appliances sector, known for its demanding quality standards and sustainable production methods, and has production facilities in over 50 countries around the world. Oakwood Group is an automotive materials specialist that supplies high-performance plastic parts such as audio covers and energy absorbers to major automakers such as Ford, GM, and Hyundai.
Daejin Advanced Materials explained that through this contract, their technology and quality are being continuously verified by global customers. CEO Yoo Seong-jun said, “Customers from all over the world highly evaluate Daejin Advanced Materials’ capabilities,” and “We will continue to expand cooperation with overseas customers through continuous technology development and quality improvement.”
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