[Public Notice+] Mplus Announces Contract Award Worth 36.4 Billion KRW

[Asia Economy Reporter Oh Ju-yeon] M Plus, a KOSDAQ-listed company that manufactures automation equipment for secondary battery assembly processes, announced on the 2nd that it has signed a contract worth $29.8 million.

The contract, dated November 1, amounts to approximately 36.4 billion KRW, which is 34.91% of the 2019 sales of 104.3 billion KRW.

An M Plus representative stated, "Since 2022, a shortage of batteries for EVs has been anticipated, and despite the COVID-19 pandemic, global clients have continued to make steady new investments," adding, "We are actively engaging in discussions on the front lines of sales to secure orders exceeding last year's contract amount of 166.8 billion KRW."

M Plus signed its first contract worth 31.1 billion KRW in March. Having achieved record-high sales last year, the current order backlog now reaches approximately 185.8 billion KRW with this new contract.

Through continuous research and development efforts, the company plans to surpass last year's sales performance by producing high-performance products upgraded from existing equipment and products that meet customer needs. The new factory, which began construction last year, received official completion approval as of March 31 and will now enter full-scale operation.

This content was produced with the assistance of AI translation services.