K-Packaging Export ... Dongwon Systems, Last Year's Sales 1.3 Trillion KRW and Operating Profit 91.9 Billion KRW
40% of Materials Division Sales Achieved Through Exports
Considering Entry into Middle East and Europe Following North and Central America
Aiming to Expand Export Ratio to 70% Within 10 Years
Dongwon Systems announced on the 14th that it recorded consolidated sales of 1.3343 trillion KRW and an operating profit of 91.9 billion KRW last year. This represents an increase of 4.5% and 13.7%, respectively, compared to the previous year.
Dongwon Systems' materials, packaging, and secondary battery divisions all showed balanced growth. In particular, the growth of high value-added products such as flexible packaging, cans, pet food, and retort pouches drove the performance.
The core competitiveness of Dongwon Systems' materials division lies in growth through export expansion. Since 2015, the company has focused on exports in the materials division. It expanded its portfolio, which was previously concentrated on food cans, to increase the range of high value-added products, and expanded exports to key countries including North and Central America such as the United States, Canada, and Mexico, as well as South America. As a result, about 40% of Dongwon Systems' materials division sales last year were achieved through exports.
Hot Picks Today
"Six Months After 'Mom's Touch Troublesome Woma...
- Popcorn Container Craze at Theaters Sparks Sell-Out Frenzy, Emerges as New Reven...
- "With This Certificate, Even Those in Their 60s Can Get Hired and Earn 3.69 Mill...
- President Lee, Modi, and Lee Jae-yong Snap a Selfie with India-Made Galaxy Phone
- Female Game Caster Makes Bold Move After Criticism Over "Short Skirt" on Broadca...
A Dongwon Systems official stated, "Based on 45 years of accumulated proprietary manufacturing technology and research and development capabilities, we have laid the foundation for growth by expanding exports focused on high value-added products," adding, "We are preparing to enter the Middle East and European markets, and plan to increase the export ratio to over 70% in the next 10 years to elevate the status of K packaging materials."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.