Obtained JIS certification to enter the Japanese high-tension bolt market.
With the acquisition of Japan's JIS certification, KPF is able to enter the Japanese high tension bolt market in earnest.
Currently, the Japanese market is experiencing great difficulties due to the lack of production of bolts produced in Korea, specially for the Tokyo Olympics.
As the largest high tension bolt manufacturer in Korea, KPF has increased its exports to Japan since the fourth quarter of last year.
However, the export volume is expected to increase further with JIS certification.
KPF has been preparing for JIS certification in order to actively target the Japanese market.
Acquired and laid the foundation for advancing into large SOC projects.
In addition, we are currently pursuing a certification by the Ministry of Transportation, which can be supplied to the Japanese governmental authority.
Moreover, SOC expansion is expected this year due to exemption from the preliminary feasibility study of major SOC projects by the government.
Significant increase in sales and profits in the fastener business is expected.