SGE Confirms Supply of Ecos Steel Ascon to Ukraine Worth 17.8 Billion Won
Asphalt manufacturing company SG (CEO Park Chang-ho) will supply its eco-friendly product, 'Eco Steel Ascon,' to Ukraine.
On the 22nd, the company announced through a public disclosure that it has signed a contract to supply approximately 17.8 billion KRW (12.5 million euros) worth of Eco Steel Ascon to Ukraine's DS Prom Group LLC until 2026.
DS Prom Group, established in 2006, is a construction company engaged in road construction projects throughout Ukraine. It has also been introduced by KOTRA as one of the major infrastructure construction companies in Ukraine.
Earlier in October, a delegation from Ukraine visited SG in person to explore mutual cooperation plans. Subsequently, SG decided to establish a local subsidiary and signed a business cooperation MOU with the Mykolaiv region of Ukraine, laying the foundation for its business expansion into Ukraine.
Through this contract, SG will be able to actively supply its eco-friendly 'Eco Steel Ascon' product, which utilizes industrial byproduct slag, to Ukraine, a steel powerhouse. In particular, Eco Steel Ascon has advantages over conventional asphalt concrete in terms of quality and maintenance costs, and it also meets eco-friendly standards. The company expects this project to showcase its excellent product quality and technological capabilities in the global market.
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Park Chang-ho, CEO of SG, said, “We are pleased to have achieved the supply contract after focusing on helping Ukraine, which suffered great damage due to the war this year, with national reconstruction and seeking new business opportunities. We will swiftly complete the establishment of the Ukrainian subsidiary and the local production system for Eco Steel Ascon, and do our best to efficiently promote the business and secure additional supply contracts.”
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