Dynamic Design "No Reason for Sharp Stock Price Drop... Normal Business Operations Ongoing"

Dynamic Design, a tire mold manufacturing and sales company (CEO Hwang Eung-yeon), announced on the 17th that “there is no special reason within the company that could have caused the recent sharp decline in the company’s stock price observed in the stock market.”

A company representative stated, “We always strive to protect shareholder value and maintain market trust through transparent information disclosure,” and emphasized, “The recent stock price fluctuations are judged to be due to general market volatility, and there is no change in the company’s financial status or management strategy.”

They also revealed, “The new plant site covers 71,600㎡ (approximately 21,659 pyeong), and the total floor area of the plant is 16,511㎡ (about 5,000 pyeong), where a one-stop system for all processes will be established.”

Furthermore, they said, “We expect a significant increase in productivity due to the Indonesia Cirebon plant (PT. DYNAMIC DESIGN INDONESIA),” and added, “We plan to support tire mold supply not only to local customers in Indonesia but also to global customers and overseas subsidiaries.”

They continued, “There are also plans to hire additional employees in line with the expected increase in production volume and sales, which is anticipated to have a positive impact on job creation and regional economic growth.”

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