[Daegu TP Precision Forming Special Interview] Minyoung Industry Gains Global Recognition in Localizing Special Copper Alloy Materials

    SEOUL, KOREA, June 25, 2015 /24-7PressRelease/ -- Through strengthening market competitiveness in the precision forming industry field, Daegu Techno Park is taking the lead in fostering precision forming companies related to metal forming processes, molds, flow forming processes, materials, heat treatment, and surface treatment in the Daegu area.

Moreover, it supports exhibitions, marketing, and consultations, so that companies can enhance their global market competitiveness.

In collaboration with Daegu Techno Park, AVING News has interviewed Kim Han-bum, general manager of Minyoung Industry (CEO Cha Yeong-gyu, www.minyoung.net), which is taking the lead in the global precision forming industry market.

Minyoung Industry manufactures automobile components, steering equipment, transmission gears, and other products made via a hot forging process. The company has succeeded in domestically manufacturing special copper alloys, which were imported in the past. The company is currently providing its products to major companies, such as POSCO.

One of the company's flagship products is the continuous casting mold, which is used to solidify molten metal into slabs. Minyoung Industry is the nation's first company and the world's third to manufacture and provide the product.

Through continuous research and development, the company acquired ISO/TS 16949:2002 and received authorization to establish a technology institute.

General Manager Kim Han-bum said, "Our company was founded to localize special copper alloys, which major companies are currently importing, and we are making plans to do just that."

He added, "Our technical skills should be recognized by foreign companies through the localization of key components, and the price of imported core components should be lowered."

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