Medicox Supplies Traction Motors to Over 900 Korail Electric Trains

[Asia Economy Reporter Jang Hyowon] MedicoX, a KOSDAQ-listed company, announced on the 12th that it has signed a contract to supply approximately 900 traction motors for Korail electric trains.

A MedicoX official stated, "Our company has received favorable evaluations through participation in the KTX-Eum project, which was promoted as a government initiative last year," adding, "We analyze that this contract signing also partially reflects such evaluations."

MedicoX's generator division has a track record of supplying key components for all types of trains, from subways and Mugunghwa trains to the latest KTX models. A MedicoX representative said, "We are highly rated in industry competitiveness, focusing on technological capabilities, including having specialized personnel from design to diagnosis and maintenance," and added, "In particular, among hundreds of electric motor component manufacturers, only about ten companies can produce traction motors."

The generator division of MedicoX has shown continuous growth in performance, with sales increasing for three consecutive years until 2019. In 2019, it recorded its highest-ever sales of 6.9 billion KRW, and despite the impact of COVID-19 last year, it achieved sales of 6 billion KRW, standing out in the same industry.

The company expects to record its highest sales since the establishment of the electric motor division, influenced by benefits from the government's expanded investment in the KTX project this year, the resolution of COVID-19, and new demand secured in the generator sector due to domestic shipbuilders' LNG ship orders.

Meanwhile, MedicoX, established in 1999, is a specialized ship equipment manufacturer producing and selling ship equipment, electric motors, and generators in areas such as Jinhae, Gimhae, and Goseong in Gyeongnam Province. Since its listing on KOSDAQ in 2001, it has been recognized as an excellent partner by building a stable cooperation system with major domestic shipbuilders based on differentiated technology and high reliability.

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