Plywood processed according to specifications is stacked at the Igeon Industrial production plant located in Michuhol-gu, Incheon.

Plywood processed according to specifications is stacked at the Igeon Industrial production plant located in Michuhol-gu, Incheon.

View original image

On the 28th, we visited the production factory of Igeon Group located in Dohwa-dong, Michuhol-gu, Incheon. With 51 years of experience, Igeon Group is a comprehensive building materials company producing plywood and system windows. Choi Gyu-hwan, CEO of Igeon Windows, whom we met there, introduced, "All of the top 5 ultra-luxury apartments in Korea, including The Penthouse Cheongdam, Nine One Hannam, and Hannam The Hill, use our windows," and added, "Our flooring products are also the only brand supplied to all of the top 10 construction companies."


Founded in 1972, Igeon Group's main affiliates are Igeon Industry, which produces plywood and flooring, and Igeon Windows, which manufactures system windows. It also owns Igeon Greentec, a logistics packaging manufacturer, and Igeon Energy, which operates cogeneration power plants using wood by-products. Following the passing of founder Park Young-joo in March, the company is undergoing changes under the second-generation leadership of Park Seung-joon, CEO of Igeon Holdings, his eldest son.


The plywood factory of Igeon Industry was filled with veneer from Chile and the Solomon Islands. Veneer is the raw material for plywood. To secure the best raw materials, Igeon Industry established its own plantation in the Solomon Islands in 1996, covering 270 million square meters?90 times the size of Yeouido. Trees grown there for about 18 years are processed into veneer and imported to Korea. Lee Gil-soo, CEO of Igeon Industry, explained, "We import plywood raw materials from the Solomon Islands at a very low price, which significantly contributes to the company's profits," adding, "The plantation can be used under contract until 2071."


Lee Gilsu, CEO of Igeonsanup, is giving a greeting at a press conference held at the Igeonsanup headquarters in Michuhol-gu, Incheon, on the morning of the 28th.

Lee Gilsu, CEO of Igeonsanup, is giving a greeting at a press conference held at the Igeonsanup headquarters in Michuhol-gu, Incheon, on the morning of the 28th.

View original image

Last year, Igeon Industry recorded sales of 329.3 billion KRW and an operating profit of 19.3 billion KRW. It ranks first in the domestic B2B (business-to-business) flooring market by sales. The daily flooring production capacity of the Incheon factory is 26,000 square meters, enough to cover 300 apartments of the national standard size of 84 square meters (32 pyeong). This capacity allows smooth supply for large-scale construction site orders exceeding 5,000 households in about a month. Most recently, it signed a supply contract for 'e-Pyeonhansesang Bupyeong Granghills' (5,050 households). CEO Lee said, "Our products rarely deform or have defects, and we provide immediate after-sales service (AS) when problems occur, making them popular at construction sites," adding, "Even redevelopment and reconstruction apartment associations request construction companies to use our products."


The Igeon Windows production factory is also located on the Incheon factory site, covering a land area of 29,000 square meters and a production area of 18,200 square meters. It is the largest single window factory in the metropolitan area. Igeon Windows was the first to introduce the 'German-style aluminum system window' to the domestic window market. It produces aluminum system windows, wooden windows, PVC windows, curtain walls, and building-integrated photovoltaics (BIPV).


At this factory, you can see Igeon Windows' differentiated technology. Generally, hinges connecting the window frame and sash are exposed on the outside. Igeon Windows has embedded all hinges to make the windows appear larger and thinner. Hinges are only exposed when the door is opened, securing an unobstructed view and enhancing interior completeness.


The factory also produces glass, a core component of windows. The glass factory manufactures the world's first 'super vacuum glass' certified by the German Passive House Institute (PHI Component Certification). Super vacuum glass forms a vacuum layer between glass panes to block heat transfer inside and outside. CEO Choi stated, "We plan to further strengthen our premium system window business," and added, "We will focus more on B2B (business-to-business) rather than B2C (business-to-consumer)."



Vacuum glass production filler process inspection device inside the Igeonchangho manufacturing plant.

Vacuum glass production filler process inspection device inside the Igeonchangho manufacturing plant.

View original image


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

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing