The likelihood that KPF, a manufacturer of forged parts, will supply wind power parts to Gamesa, the largest wind power generator in Spain, has increased.

The company expects to start supplying prototypes in the fourth quarter and generate full-scale sales from next year.

According to industry sources on the 27th, KPF has completed a one-year audit conducted by Gamesa on the 22nd and is waiting for approval. A company official said, “Since there is no point in the audit process as a major problem, we expect approval to be made smoothly.” said.

If approval is granted as expected by the company, it is expected to be available from 4Q. The scale to supply to Gamesa this year is expected to increase to about 2 billion won, and to 12 billion won next year.

In addition, the approval process of Vestas, a global wind power generator, is in progress. An official of the company said, "It is expected that it will take several more months for the approval decision to be made," and "We expect full-scale sales to occur from next year." The company expects to supply 10 billion won worth of wind power components to Vestas next year.

KPF, which produces forged parts and industrial bolts and nuts, has recently expanded its scope to high value-added industries such as the wind power industry. Currently, KPF's sales share of wind power-related forged products is only 2%, but it plans to expand to more than 20% in the long term. The company estimates the operating margin of wind forged products at more than 20%. The wind power division's sales are expected to reach 11 billion won this year and 38 billion won next year.

Meanwhile, KPF recorded an operating profit of 9.7 billion won in sales of 1854 billion won last year.

In addition to the existing forged products, KPF presented a blueprint to achieve consolidated sales of 500 billion won in 2015, taking advantage of its wind power business and sales of overseas subsidiaries such as Vietnam and Spain.

KPF is a general forging company predecessor to Korea Bolt, which manufactures fasteners (bolts and nuts) in 1963. In the 2000s, when the Miller fastener business division weakened among Chinese companies, they turned to the automobile forging business.

Moon Doo-sung, director of KPF, said, "Fastener products lost their competitiveness as low-cost products from China came in. Since then, we focused on forged automobile parts such as bearings, which were less than 10% in sales, and showed an annual sales growth rate of 17%."

Last year, KFA recorded sales of 185.4 billion won and operating profit of 9.7 billion won. The current sales weighting is 44% for automobiles, 23% for construction, 18% for heavy equipment, and 14% for plants. Forged products such as bolts, nuts and bearings are supplied for each application.

Director Moon explained, "Recently, sales of automobile forgings have increased toward SKF, a global bearing manufacturer, and sales have grown. In the future, we will increase the proportion of wind power and overseas business sites will also show success.