Taewoong Gets a Heavy Metal Boost

Thanks to growth in China and sky-high oil prices, the Korean parts maker is winning big contracts and expecting more

South Korea is home for industries benefiting from high oil prices and China's sizzling growth. And few parts suppliers are profiting more than Taewoong (TAEWF) from the booming shipbuilding and factory construction businesses. The Korean maker of forged metal parts for ship engines, petrochemical factories, and power plants saw its operating profits jump 67%, to $48.2 million, in the first nine months of this year on sales of $283.9 million, up 33% from the same period last year.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.