Wonkang Co., Ltd. Introduces New Equipment to Boost Pick Cutter Productiv
▲ [Wonkang Co., Ltd. introduces new equipment for pick cutters. Provided by Wonkang Co., Ltd.]
Wonkang Co., Ltd. (CEO Kang Tae-young), a domestic producer of pick cutters and consumables for tunneling, has announced the introduction of new equipment aimed at improving productivity.
The newly introduced equipment is custom-made to fit Wonkang's work environment and is expected to boost productivity by more than 1.6 times compared to existing equipment. To strengthen its competitiveness, Wonkang is replacing some outdated equipment with new machinery to better meet domestic and international demand.
Additionally, Wonkang Co., Ltd. plans to expand its facilities from this year through next year to create a safer work environment for employees and continuously enhance productivity.
For small and medium-sized Korean manufacturers to improve competitiveness in overseas markets and expand exports, they must overcome internal challenges such as increasing electricity costs and other rising expenses, in addition to intense competition from overseas competitors, including those from China. In this environment, Wonkang is bolstering both price and quality competitiveness through proactive equipment investments.
▲ [Wonkang Co., Ltd. introduces new equipment for pick cutters. Provided by Wonkang Co., Ltd.]
Located in Magok, Gangseo-gu, Seoul, the Total Foundation R&D Center of Wonkang Co., Ltd. (headed by Director Huh Yeop) provides top-quality products through dedicated research and development. As a Demand & Family Company with the Korea Institute of Civil Engineering and Building Technology, Wonkang collaborates on research projects. To enhance its competitiveness in the global market, Wonkang (WONKANG ROADBIT) has obtained six patents, two domestic trademarks, three foreign trademarks, and has established a quality management system meeting international standards with ISO 9001, 14001, and 45001 certifications.
Wonkang actively participates in major international construction equipment exhibitions such as BAUMA and CONEXPO. In 2024, Wonkang was recognized as an Outstanding Venture Company by the Venture Business Association and became a member of the Busan Bright Club, representing leading companies in Busan. Following its achievement of the 2023 Export Award for reaching $2 million in exports, Wonkang is projected to receive the $3 million Export Award in 2024.
Furthermore, through collaboration with its affiliates, Wonkang Tungsten and Eugene Direction Development Industry Co., Ltd., Wonkang provides excellent services to its clients. The company plans to continue its growth as a competitive global player through ongoing technology development and innovation.
CEO Kang Tae-young of Wonkang Co., Ltd. commented, “We expect to significantly increase productivity with the introduction of this new equipment. We will continue to enhance our competitiveness in the global market through ongoing investment in facilities and technology development.” [End] [National News = Reporter Kwangwoon Kim]
Source: Wonkang Co., Ltd. Introduces New Equipment to Enhance Pick Cutter Competitiveness... "Expected 1.6x Increase in Productivity" - National News - https://www.kookminnews.com/91969