Dong Yang
Steel Pipe's Cheonan plant
DongYangSteelPipe, a steel pipe unit of KBI
Group, said on Tuesday that it had signed on the previous day an agreement with
a Japanese EPC (engineering, procurement, and construction) company to supply
steel pipes for plant piping.
The contract period is from Jan. 9 to Jul. 14 this year, and the company will
supply steel pipes for plant piping to the Middle East.
Dong Yang recorded sales of 186.6 billion won ($150.4 million) and an operating
profit of 5.7 billion won ($4.8 million) in the third quarter last year. Sales
increased 51.2% compared to the same period last year, and operating profit
turned to the black.
"Starting with the first supply contract this year, we will make an
all-out effort to increase sales to remain in the black," said an official
of Dong Yang Steel Pipe.