Corporate Logo(source: pimkorea.com)
PIM Korea, the leading domestic Metal Injection Molding(MIM) technology company, held a press conference at the 63 Building in Yeouido on March 13 ahead of its KOSDAQ listing next month.
Founded in 2001, PIM Korea is the leading company in Korea in the MIM field, a next-generation manufacturing technology that enables ultra-precision processing and the creation of complex shapes. The company has developed exclusive next-generation hybrid new materials technology and is the only domestic company to have titanium mass production technology. Through continuous research and development(R&D), PIM Korea has established a strong foothold in the global MIM market.
PIM Korea’s main clients include global automotive electronics companies, and in 2023, it reported a revenue of 38 billion won and an operating profit margin of 11.3%. Building on its differentiated technological capabilities, it has secured clients such as Samsung Electronics(005930) and LG Innotek(011070), expanding its export-driven growth.
Moving forward, PIM Korea plans to accelerate growth by expanding the applications of its MIM technology to autonomous driving, robotics, and by fully launching its titanium-based business. The company intends to expand its IT-dedicated production line at its Vietnam facility to respond to large-scale production needs for global IT giants. It also plans to maximize revenue in the autonomous driving sector by developing next-generation autonomous driving camera module materials. Additionally, the company will begin domestic titanium material production this year and expand into high-value-added industries after securing the front-end value chain.
PIM Korea is particularly focused on entering the robotics sector, including humanoids, where there is a high demand for ultra-precision materials. The company has recently begun developing materials for humanoid robot reducers and is in discussions with global companies for product supply. Furthermore, it is jointly developing reducer gear products for logistics robots with domestic automotive companies.
A PIM Korea representative stated, "With our top-tier MIM technology and mass production capabilities, we have secured numerous global leading companies as clients and are continuing to grow. We plan to expand the application of MIM technology to high-value-added industries, thereby maximizing revenue and becoming the global No. 1 MIM company."
The company also mentioned, "The funds raised through this IPO will be used for the titanium material business and new product mass production. We will establish IT and autonomous driving production facilities at our domestic production base, and expand the IT-dedicated production line at our Vietnam factory to kickstart new business revenue."
PIM Korea plans to offer 1.3 million shares in the IPO, with an expected offering price range of 9,300 to 10,200 won per share. The total amount to be raised is between 12.1 billion and 14.6 billion won.
The securities registration submitted by PIM Korea on February 14 became effective on March 4. The company will finalize the offering price through a demand forecast from March 17 to 21 and proceed with subscription from March 25 to 26. The KOSDAQ listing is scheduled for April 4, with IBK Securities acting as the lead underwriter.
Corporate Logo(source: pimkorea.com)
PIM Korea, the leading domestic Metal Injection Molding(MIM) technology company, held a press conference at the 63 Building in Yeouido on March 13 ahead of its KOSDAQ listing next month.
Founded in 2001, PIM Korea is the leading company in Korea in the MIM field, a next-generation manufacturing technology that enables ultra-precision processing and the creation of complex shapes. The company has developed exclusive next-generation hybrid new materials technology and is the only domestic company to have titanium mass production technology. Through continuous research and development(R&D), PIM Korea has established a strong foothold in the global MIM market.
PIM Korea’s main clients include global automotive electronics companies, and in 2023, it reported a revenue of 38 billion won and an operating profit margin of 11.3%. Building on its differentiated technological capabilities, it has secured clients such as Samsung Electronics(005930) and LG Innotek(011070), expanding its export-driven growth.
Moving forward, PIM Korea plans to accelerate growth by expanding the applications of its MIM technology to autonomous driving, robotics, and by fully launching its titanium-based business. The company intends to expand its IT-dedicated production line at its Vietnam facility to respond to large-scale production needs for global IT giants. It also plans to maximize revenue in the autonomous driving sector by developing next-generation autonomous driving camera module materials. Additionally, the company will begin domestic titanium material production this year and expand into high-value-added industries after securing the front-end value chain.
PIM Korea is particularly focused on entering the robotics sector, including humanoids, where there is a high demand for ultra-precision materials. The company has recently begun developing materials for humanoid robot reducers and is in discussions with global companies for product supply. Furthermore, it is jointly developing reducer gear products for logistics robots with domestic automotive companies.
A PIM Korea representative stated, "With our top-tier MIM technology and mass production capabilities, we have secured numerous global leading companies as clients and are continuing to grow. We plan to expand the application of MIM technology to high-value-added industries, thereby maximizing revenue and becoming the global No. 1 MIM company."
The company also mentioned, "The funds raised through this IPO will be used for the titanium material business and new product mass production. We will establish IT and autonomous driving production facilities at our domestic production base, and expand the IT-dedicated production line at our Vietnam factory to kickstart new business revenue."
PIM Korea plans to offer 1.3 million shares in the IPO, with an expected offering price range of 9,300 to 10,200 won per share. The total amount to be raised is between 12.1 billion and 14.6 billion won.
The securities registration submitted by PIM Korea on February 14 became effective on March 4. The company will finalize the offering price through a demand forecast from March 17 to 21 and proceed with subscription from March 25 to 26. The KOSDAQ listing is scheduled for April 4, with IBK Securities acting as the lead underwriter.