TAEKWANG INDUSTRIAL CO.,LTD.

TAEKWANG INDUSTRIAL CO.,LTD.

Previous company name

Name change date

Company Overview

Business Summary
Sales in 2008 first half increased over the preceding year same period with increased sales of textile line and increased PTA production capacity. Net loss was posted with non-operating income reduced by losses from currency exchange and equity investment while operating income decreased with rising cost despite sales increase. Overall solid financial structure is maintained though various financial indexes degraded from the preceding year same period as liquidity declined while debt ratio increased. Sales growth is expected with PTA production facility extension though growth of textile unit will be limited by slow business of downstream industries and fierce competition. Cost will be reduced as 4,000-ton acrylic fiber factory construction has been started in Gaeseong industrial complex. Current solid financial structure will be maintained with debt ratio lower than industry average and negligible debt dependence.
Description and history

Business Line

Subsidiary
DAEHAN SYNTHETIC FIBER CO.,LTD.
Advisor
Shinhan Bank
IPO date
12/27/1975
US SIC Code
2824
Company Address
162-1,JANGCHUNGDONG 2-GA
JUNG-GU, SEOUL 100-855
City province or state postal code

Phone:
Fax: +82-2-2273-9325
Country address: KOREA REPUBLIC OF
Website url: www.taekwang.co.kr