Woojin Entech Submits Securities Registration Statement... Aiming for KOSDAQ Listing Early This Year

Woojinentek, a company specializing in maintenance of instrumentation and control equipment for nuclear power plants, submitted its securities registration statement on the 18th.

Woojinentek plans to offer a total of 2.06 million shares for its initial public offering (IPO). The expected price range is 4,300 to 4,900 KRW per share. The final offering price will be determined after a five-day demand forecast from January 8 to 12 next year. General investor subscription will take place over two days starting January 16. KB Securities is the lead underwriter for the listing.

Woojinentek provides maintenance services and commissioning work for instrumentation and control equipment at 10 nuclear and thermal power plants nationwide. The company participates in commissioning after nuclear power plant construction, as well as routine maintenance and planned preventive maintenance at plants in continuous operation.

Recently, each business division has been growing steadily, including the nuclear sector, thermal sector, and other sectors such as development of radiation monitoring equipment. Last year, the company recorded sales of 37.4 billion KRW and operating profit of 5.7 billion KRW. Up to the third quarter of this year, it achieved sales of 30.4 billion KRW and operating profit of 5.9 billion KRW.

Through government national projects, Woojinentek has secured core technology development achievements for nuclear power plant decommissioning. The company plans to actively enter the nuclear decommissioning business starting in 2026, targeting Kori Unit 1, which was permanently shut down in 2017, and Wolsong Unit 1, permanently shut down at the end of 2019.

After listing, Woojinentek plans to expand orders in each business division and focus on domestic production of key components for nuclear power plant operations. The company has succeeded in domestic production of control panels for auxiliary feedwater systems at nuclear power plants. It began supplying these to Hanbit Unit 1 and has also developed the G-CAM, a radiation imaging technology device, which is supplied to domestic nuclear power plants.

Woojinentek is a core subsidiary of Woojin, a listed company specializing in nuclear power plant instrumentation. It has affiliated companies specializing in maintenance and parts for instrumentation and control equipment tailored to nuclear power generation, which is expected to create business synergies in orders and development.

Shin Sang-yeon, CEO of Woojinentek, said, "Woojinentek is a nuclear instrumentation and control equipment maintenance company with the best technical capabilities. We will grow into a company competitive not only in commissioning and routine maintenance after nuclear power plant construction but also in nuclear decommissioning and site restoration."

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