[Click eStock] "Dong-A Hwasung, Possessing Korea's Top-Level Rubber Compounding Technology"

[Asia Economy Reporter Hyungsoo Park] On the 24th, KB Securities assessed that Dong-A Hwasung has secured an absolute market dominance in the automotive and home appliance rubber parts markets based on its top-tier rubber compounding technology and structural design in Korea.

Researcher Sang-guk Lim of KB Securities introduced, "Dong-A Hwasung is a manufacturer of automotive, home appliance, and industrial special rubber parts," adding, "They supply parts to Hyundai Motor, Kia Motors, Nissan, Honda, LG Electronics, Samsung Electronics, Haier, and others."

He continued, "With diversification of production corporations and an increase in new products such as battery gaskets for electric vehicles and automotive battery injection parts, they are expected to maintain long-term profitable management."

Researcher Lim also stated, "We expect performance normalization in the second half compared to the first half of this year," and "cost reduction is also possible due to the decline in international oil prices."

Furthermore, he said, "Battery pack gaskets for electric vehicles are currently supplied to US GM, China First Automobile Works, China Great Wall Motors, Hyundai Motor, and others," emphasizing, "Attention should be paid to the growth potential of eco-friendly rubber products such as intake and exhaust hoses for hydrogen vehicles and integrated gaskets for hydrogen fuel cell stack bipolar plates."

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