DOHWA ENGINEERING has revised the contract counterparty from Dongwoo Energy Materials to DY Polymer due to an absorption merger, but all contract terms remain unchanged for the SRF boiler 2 plant construction (contract amount 40.26B KRW).
The project involves constructing a second SRF boiler unit in Pyeongtaek, Gyeonggi-do, with a contract period from November 24, 2025 to May 23, 2027 (approx. 18 months). The period is calculated from the date of submitting the construction commencement report after design completion.
The contract value of 40.26B KRW (incl. VAT) represents 7.0% of DOHWA ENGINEERING's 2023 consolidated sales of 574.99B KRW. Payment terms are favorable: 20% advance payment, 70% progress payments, and 10% final payment, supporting cash flow.
[AI Comprehensive Analysis]This correction disclosure merely reflects a change in counterparty due to a merger, with no changes to the original contract terms or amount, thus having a neutral impact on enterprise value.
KOSPI Filing Information
Filing: [Correction of Description] Conclusion of Single Sale and Supply Contract