Halla Cast, an auto parts and mold company, announced on the 25th that it has received approval from.. - MK

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Halla Cast, an auto parts and mold company, announced on the 25th that it has received approval from the Korea Exchange for preliminary screening for listing on the KOSDAQ.

Halla Cast plans to start a full-fledged listing process in the second half of the year. Daishin Securities was in charge of the listing.

Founded in 2005, Halla Cast is mass-producing by winning orders from leading domestic battlefield companies. It recently signed an NDA (secret maintenance contract) with a global automobile company and won new orders for battlefield and robot-related products worth about 130 billion won. We are currently developing and testing samples with the aim of mass production and delivery in October.

As the market diversifies from internal combustion engine cars to hybrid and electric vehicles, demand for die-casting construction parts that can be electrified and lightened is increasing in the parts market. Die casting is a high-pressure casting method suitable for mass production, and it is applied to connected displays, autonomous driving, and robot parts production because it can implement complex shapes with a lighter weight compared to steel.

Halla Cast has aluminum and magnesium die-casting technology that is leading the battlefield trend with ultra-light weight, heat dissipation characteristics, and high durability. It has thinning technology that implements products in thin thickness and high vacuum technology that minimizes internal bubble defects.

The company grew 20% annually from 47.8 billion won in sales in 2019, recording 144.4 billion won in sales last year. Operating profit was 12.3 billion won. It is increasing its operating profit margin by internalizing all process facilities required to produce parts. It is securing automobiles, electrical equipment modules, and large home appliances around the world as customers evenly.

As of the end of last year, Halla Cast CEO Oh Jong-doo (46.16%) is the largest shareholder, while NV Mezzanine Plus (12.83%) and IBK Kiwoom Business Reorganization (9.04%) are the major shareholders.

CEO Oh said, "We are proud that Halla Cast has the world's best competitiveness for lightweight material parts with excellent heat dissipation performance that are more viewed in the future car parts trend equipped with AI," adding, "We will become a market leader based on cooperation with domestic and foreign customers."

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