'40th Anniversary' Volvik "Standing Tall as the World's No.1 Color Ball"
Mungyeong An, Volvik Chairman (center), is cutting a cake with executives and employees to celebrate the 40th anniversary of the company's founding.
View original image[Asia Economy Kim Hyun-jun, Golf Specialist Reporter] "The world's No. 1 color ball."
Volvik Co., Ltd. held its 40th anniversary event on the 13th at its headquarters in Daechi-dong, Seoul. The company sparked a "color ball craze" in the golf ball market in 2010, and over the past decade, it has expanded into overseas markets and recently developed the world's first matte golf ball. Chairman Moon Kyung-an said, "The efforts of many people who have been with the company for 40 years have come together to grow into Korea's representative golf brand," adding, "We will further enhance Volvik's value for the 50th and 100th anniversaries."
Since its founding in May 1980, Volvik built its first factory in Daeso-myeon, Eumseong-gun, Chungbuk, in 1991, with an annual capacity of 600,000 dozen. It is interesting that in 2008, the company ranked first in domestic golf ball exports for nine consecutive years and first in domestic sales for three consecutive years. After Chairman Moon took office in 2009, the company increased its scale to 1.5 million dozen annually to create demand in the color ball market, and in 2012, it established Volvik USA, a local subsidiary in the United States, to begin full-scale expansion.
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Lee Il-hee (32, Volvik) showcased the excellence of Volvik golf balls by winning the 2013 LPGA Tour Bahamas Classic. The highlight came in 2016 with the launch of Volvik's steady-selling matte color ball, VIVID. Overseas exports grew explosively from $6 million to $17 million in 2017. Last year, the company invested 12 billion KRW to complete its second factory, achieving an annual production capacity of 4 million dozen. This year, Volvik is advancing as a total golf brand along with the ultra-high repulsion club 'CORE XT' series.
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