Dongsung Finetec Signs 63.3 Billion KRW Contract with HD Hyundai Heavy Industries for Cryogenic Insulation Materials for LNG Carriers - Securing 8.5% of Annual Sales

Dongsung Finetec has entered into a contract with HD Hyundai Heavy Industries to supply cryogenic insulation materials for LNG and ethane carriers. The contract value is approximately 63.3 billion KRW, representing 8.5% of its 2025 consolidated revenue.
The contract period runs from June 2026 to September 2029, with delivery schedules subject to shipbuilding progress.
The counterparty, HD Hyundai Heavy Industries, is Korea's largest shipbuilder with low execution risk and high creditworthiness.
This is a sales contract that does not involve new capital raising or share dilution, thus not harming existing shareholders.
The order secures a stable revenue base and is expected to positively impact long-term growth drivers.
[AI Summary]Dongsung Finetec's 63.3 billion KRW supply contract with HD Hyundai Heavy Industries for cryogenic insulation materials is a large order equivalent to 8.5% of sales, enhancing long-term revenue stability. Securing growth through a contract with a top-tier customer without capital dilution is positive for shareholder value.