BMT Invests 34 Billion KRW in New Factory... "Capacity Expansion for Semiconductor, LNG, and Hydrogen Products"

[Asia Economy Reporter Yoo Hyun-seok] BMT, a company specializing in fittings, valves, and power equipment, announced on the 22nd that it will invest 34 billion KRW to expand capacity at its new factory in Jang-an, Busan. The site area is 47,900㎡, and the total floor area is 43,200㎡.

Through this investment, BMT plans to expand production facilities for △ultra-high purity (UHP) fittings and valves for semiconductors △cryogenic valves used in LNG ships and plants △cryogenic valves and fuel supply units for LNG fuel-powered ships △ultra-high pressure fittings, valves, and regulators for hydrogen charging and storage systems.

The company stated, “We will strive to maximize benefits from the growth of industries such as semiconductors, LNG, and hydrogen through proactive investment,” adding, “We aim to achieve a second leap forward through this investment and the relocation of our headquarters.”

BMT supplies ultra-high purity fittings and valves for semiconductors and displays to Samsung Electronics, SK Hynix, and LG Display. Additionally, it supplies cryogenic valves for LNG to Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering, and Samsung Heavy Industries. Recently, it was also selected as the lead institution for a national project to develop hydrogen piping valves and dispensers, and is conducting research and development on related products.

A BMT representative said, “Along with carrying out the national project, we were selected as a technology development company for the Korea-China Energy International Joint Research Support Project,” and added, “Through the joint research support project, we plan to develop products for ultra-high pressure hydrogen charging and storage systems for the Chinese market.”

Meanwhile, BMT recorded cumulative sales of 76.7 billion KRW in the third quarter of this year, an increase of 10.1% compared to the same period last year.

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