Almec Signs 190 Billion KRW Parts Supply Contract with Global U.S. Automaker

Almec announced on May 30 that it has signed a parts supply contract worth 190 billion KRW with a global U.S. automaker.

This contract is scheduled for delivery over five years, until 2030, based on confirmed product orders starting from early next year, after production preparations are completed this year. The order amount is based on the current scheduled volume and may be subject to change in the future.

With this contract, Almec has expanded its overseas market portfolio and secured additional growth momentum. The company is being recognized for its technological capabilities, as it successfully passed a rigorous verification process to secure the supply contract.

In particular, despite tariff policies introduced by Trump, Almec has secured additional orders from a global U.S. automaker. This has highlighted the expected benefits of operating its local plant in the United States and has further proven its technological competitiveness, while also expanding its overseas market portfolio and securing new growth drivers.

Last year, Almec's overseas business revenue reached 113.4 billion KRW, accounting for 72.3% of its total sales. This year, the company anticipates continued growth centered on North America, beginning with this new contract.

An Almec official stated, "Due to a confidentiality agreement with our client, we cannot disclose the client's name or the name of the parts involved in this contract." The official also added, "With recent tariff policies under Trump, significant changes are expected in the industry's supply chain, and the supply chain is being reorganized around companies that can produce high-difficulty products with high yield rates."

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