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THE INVESTOR
April 22, 2021

Market Now

Castec Korea bags W65.8b orders

  • PUBLISHED :November 28, 2018 - 13:57
  • UPDATED :November 28, 2018 - 13:57
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[DISCLOSURE] Castec Korea (071850) announced on Nov. 28 that it has signed a 41.9 billion won (US$37.15 million) contract with Honeywell Technologies to supply car turbo charger parts. This amounts to 20 percent of its 2017 revenue and the contract is valid from Jan. 1, 2019 to Dec. 31, 2026.

It also signed a 23.9 billion won contract with BorgWarner Turbo Systems to supply car turbo charger parts from Jan. 1, 2019 to Dec. 31, 2026, it said in a separate statement.

By Hwang You-mee (glamazon@heraldcorp.com)
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