Hurim A-Tech Acquires Asan Plant... "Performance Improvement, Supply Stabilization, and Order Promotion"

Hurim A-Tech, a company specializing in automotive interior and exterior materials, announced on the 5th that the business synergy effect from the acquisition of the Asan plant is now in full swing. The company explained that the trend of performance improvement, which continued in the third quarter, is expected to persist in the fourth quarter due to product diversification and efficient factory operation.

Hurim A-Tech acquired the Asan plant owned by Canaria Bio M in July. Through this, Hurim A-Tech succeeded in significantly expanding its product portfolio. Previously handling mainly interior and exterior materials for large sedans, Hurim A-Tech now produces products for mid- and small-sized passenger cars and RVs (recreational vehicles) through the acquisition of the Asan plant.

By operating factories in both Miryang and Asan, Hurim A-Tech has also established a stable supply system. Even if unexpected situations such as equipment failures occur, the company can respond more swiftly, greatly reducing the risk in product production.

As an effect of the acquisition, Hurim A-Tech succeeded in showing a significant improvement in performance in the third quarter. As of the cumulative third quarter this year, Hurim A-Tech achieved sales of 30.7 billion KRW and an operating profit of 2.1 billion KRW. These figures represent growth of 24.10% and 75.99%, respectively, compared to last year when only the Miryang plant was operated independently.

A Hurim A-Tech official stated, “The acquisition of the Asan plant has led to not only sales expansion but also meaningful improvement in operating profit, achieving solid management,” and added, “This trend is expected to continue through the fourth quarter.”

He further said, “Due to the nature of the B2B business, stable product supply capability greatly enhances customer trust,” adding, “This can positively affect the expansion of order volumes from existing customers and the acquisition of new customers in the future.”

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