Haesung TPC Shows Strong Performance on First Day of Listing... Leading Domestic Producer of Robot Gear Reducers

[Asia Economy Reporter Hyungsoo Park] Haesung TPC is showing strong performance on its first day listed on the KOSDAQ market.

At 9:23 a.m. on the 21st, Haesung TPC was trading at 31,000 KRW, up 19.23% from the opening price.

It started trading at 26,000 KRW, which is 100% higher than the public offering price of 13,000 KRW. Haesung TPC is a manufacturer of gear reducers. It produces gear reducers for robots and industrial use, as well as hoisting machines for elevators. It is the market leader in the domestic geared elevator hoisting machine market. The company is responding to changes in the gear reducer market by establishing a mass production system for high-precision gear reducers for robots.

Researcher Kyunggeun Kang of NH Investment & Securities said, "In 2004, we started developing the first high-precision gear reducer for robots in Korea," and introduced, "The industrial robot gear reducer market is monopolized by Japan's Nabtesco and Sumitomo, making it a field with high demand for localization."

He added, "Through numerous government projects and in-house development, we have developed 29 models of robot gear reducers and secured a mass production system," and explained, "Haesung TPC's products have competitive advantages in price, delivery time, and customization."

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