In addition to the existing forged products, KFA presented a blueprint to achieve consolidated sales of 500 billion won in 2015, taking advantage of the sales of the wind power business and 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 parts such as bearings, which were less than 10% in sales, and showed an annual sales growth 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."

Currently, KPF's sales share of wind power-related forged products is around 2%, but plans to increase it to more than 20% in the future. Director Moon said, "Wind-forged products are high-profit products with an operating margin of more than 20%. In particular, German and Italian companies are leading the wind-related bearing parts. If you enter this market, you can also aim for a halo effect. Global market share 20 We are aiming for ~30%,” he emphasized.

The approval process is under way from global wind turbine makers Gamesa and Betas, and after receiving final approval in the second half of this year, sales of wind turbine forging products are expected to start in earnest from next year. Director Moon explained, "The wind power market has not been outstanding yet, but if we prepare and get approval early, we will be able to make big profits during the boom."

The Vietnam plant targets the fastener market that was stolen by China and Taiwan. Director Moon said, "It was difficult to meet the unit price in Korea, but we will restore market competitiveness by producing fasteners for standard low-cost products based on Vietnam's low labor cost." As a result, consolidated sales will reach 500 billion won.”