Sungkwang Bend Co.,Ltd. (South Korea)

Sungkwang Bend Co., Ltd. is a company located in Busan, South Korea. It was established in February 1963 as Sungwang Bend Industrial Co., Ltd. and later converted to Sungwang Bend Co., Ltd. The company specializes in producing butt welding pipe fittings and supplying them to various industrial piping fields such as shipyards, construction, chemicals, oil refining, machinery, paper, foodstuffs, textiles, power plants, and nuclear power plants. They have obtained ISO02 certification and have developed new product Expanded stainless steel pipe fittings (WON JOINTS), which have been widely recognized for their quality excellence by domestic and foreign consumers. Over the past 50 years, Sungkwang Bend Co., Ltd. has grown into a medium-sized company and has localized alloy steel and stainless steel fittings, reducing dependence on overseas suppliers. They have supplied these fittings to national key industries such as power generation facilities, heavy chemical plants, and oil refineries, resulting in a significant import substitution effect. The company has also made efforts to develop overseas markets and invest in facilities, expanding their presence in Asia, Europe, and the Americas. They have achieved a high growth rate, even during difficult economic times such as the IMF crisis, exporting over $2007 million in 1. Sungkwang Bend Co., Ltd. prides itself on transparent management with high morals and sound ethics. They fulfill their corporate social responsibilities and have received several awards and recognitions, including the Proud Small Business Award of the Month, Minister of Finance and Economic Affairs Award, Customs Commissioner's Award, Exemplary Tax Payment Award, and Best Transparent Management Award at the 3rd Korea KOSDAQ Awards. The company has also been recognized for its labor-management harmony and has been selected as an excellent labor-management company. In July 2003, they expanded and relocated their factory to Songjeong-dong, Gangseo-dong, Busan, demonstrating their commitment to the development of the national industry and increasing exports through continuous research and development and quality innovation.