Dongbu Construction Surpasses 1 Trillion Won in New Orders in Q1 Alone

Dongbu Construction recorded over 1 trillion won in new orders in the first quarter of this year alone.

Dongbu Construction announced on the 17th that it secured approximately 1.0088 trillion won in new orders during the first quarter of this year. According to the first quarter business report, the total order backlog stands at 9.0893 trillion won.

During the first quarter of this year, Dongbu Construction achieved steady order performance across various sectors including public, private investment, and overseas projects. In particular, starting with the January order for the 'Bucheon Daejang Public Housing District Development Project Section 1,' the company demonstrated strong competitiveness despite the scarcity of public construction projects by securing orders such as the 'Institute for Basic Science Headquarters Phase 2 Construction Project' and the 'Seongsanpo Port Cargo Wharf Expansion Project.' Alongside this, Dongbu Construction also participated in large-scale private investment projects such as the 'GTX-B Private Investment Project' and the 'Daejang~Hongdae Metropolitan Railroad Private Investment Project,' achieving notable results.

In the overseas business sector, which has been actively pursued since 2021, the company also delivered significant order news. Last month, by securing the 'Vietnam Tan Van~Ninh Thach Road Construction Project Section 2,' Dongbu Construction continues to target the Southeast Asian market, and through the 'Los Choros Bridge Construction and Road Expansion Project,' it has newly entered the Latin American region.

The background to these achievements is analyzed to be the effective order strategy through business diversification. As the real estate market downturn shows signs of prolongation, Dongbu Construction has been focusing on discovering new businesses and diversifying operations since last year to strengthen risk management and pursue sound management. Dongbu Construction plans to seek breakthroughs and secure future growth engines through selective orders for stable volumes throughout this year.

A Dongbu Construction official stated, "In an increasingly difficult market environment, we are thoroughly reviewing business feasibility to ensure success in securing orders," adding, "Based on securing stable order volumes, we intend to focus more on profitability."

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