BBC Challenges IPO as a Manufacturing Company... Solid Position in the Global Market

Dental Mask Supply Begins in June Following the Outbreak of COVID-19

Materials and products of Bibici (Photo by Bibici)

[Asia Economy Reporter Kum Boryeong] 'BBC,' specializing in the manufacturing of micro toothbrush bristles, has announced its challenge to enter the initial public offering (IPO) market.

On the 1st, BBC stated that it is entering the IPO market as a manufacturing company amid the public offering market focused on non-face-to-face (untact) and bio sectors.

Located in the Daejeon Daedeok Research and Development Special Zone, BBC focuses on producing micro toothbrush bristles. The business, which started in 1998 as a sole proprietorship, has continuously grown by succeeding in research on dental care materials based on synthetic monofilaments and developing core technologies. Annual sales have exceeded 31 billion KRW.

Stable growth has been achieved based on solid partnerships with global companies such as P&G, Colgate, and Unilever. The proportion of overseas exports accounts for about 78.5% of total sales. BBC explained, "Due to the nature of the industry directly related to health, mutual trust with customers is essential, and the long-term cooperative relationships established with leading global companies are interpreted as proof of our competitive quality." BBC supplies its products to more than 20 countries worldwide, including China, Japan, and Germany.

Since the outbreak of COVID-19, the mask sector, which was started in response to the pandemic, has been added as a new source of revenue. The company began supplying health-use dental masks produced in-house using electrostatic melt-blown nonwoven fabric filters (MB filters) from June. The confirmed order volume so far amounts to about 8 billion KRW, approximately 25% of last year's sales. The masks apply specialized dental care material technology in the material production process.

An official from IR Qudus, a company specializing in investor relations (IR), said, "BBC demonstrated the strength of K-manufacturing despite the COVID-19 crisis by recording about 20% growth in performance in the first half of this year compared to the previous year. Market expansion is expected in the dental care sector, the core business, to regions such as the Americas and Oceania, and with the addition of new mask sales, the corporate value is expected to improve in the mid to long term."

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