Inhwa Precision, established in 1999, is a specialized manufacturer of large ship engine components. The company operates an integrated production system encompassing welding, fabrication, and metal processing to produce core exterior parts for ship engines. In addition to ship engine components, its business areas include metal forming machinery and metal structural materials. It has established a stable business foundation by supplying components to major domestic and international ship engine manufacturers. The company is also actively investing in and developing eco-friendly ship engine components.InhwaPrecision,establishedin1999,isaspecializedmanufactureroflargeshipenginecomponents.Thecompanyoperatesanintegratedproductionsystemencompassingwelding,fabrication,andmetalprocessingtoproducecoreexteriorpartsforshipengines.Inadditiontoshipenginecomponents,itsbusinessareasincludemetalformingmachineryandmetalstructuralmaterials.Ithasestablishedastablebusinessfoundationbysupplyingcomponentstomajordomesticandinternationalshipenginemanufacturers.Thecompanyisalsoactivelyinvestinginanddevelopingeco-friendlyshipenginecomponents.
Key Products/TechnologiesKeyProducts/Technologies
Manufacturing technology for large low-speed and medium-speed engine exterior components such as CYLINDER COVER, CYLINDER COVER MODULE, CYLINDER FRAME, CAMSHAFT FRAME, FRAME BOX, BED PLATE, AIR COOLER FRAME, BASE FRAME, CRANK CASE, and 7F EXHAUST FRAME.Manufacturingtechnologyforlargelow-speedandmedium-speedengineexteriorcomponentssuchasCYLINDERCOVER,CYLINDERCOVERMODULE,CYLINDERFRAME,CAMSHAFTFRAME,FRAMEBOX,BEDPLATE,AIRCOOLERFRAME,BASEFRAME,CRANKCASE,and7FEXHAUSTFRAME.
Integrated production system technology for large ship engine components through welding, fabrication, and metal processing.Integratedproductionsystemtechnologyforlargeshipenginecomponentsthroughwelding,fabrication,andmetalprocessing.
Development capabilities for eco-friendly ship engine components and expertise in low-temperature denitrification equipment parts.Developmentcapabilitiesforeco-friendlyshipenginecomponentsandexpertiseinlow-temperaturedenitrificationequipmentparts.
Production technology for metal forming machinery and metal structural materials.Productiontechnologyformetalformingmachineryandmetalstructuralmaterials.
Core AdvantagesCoreAdvantages
Securing cost competitiveness and production efficiency through an integrated production system covering welding, fabrication, and metal processing.Securingcostcompetitivenessandproductionefficiencythroughanintegratedproductionsystemcoveringwelding,fabrication,andmetalprocessing.
Dominant market position as the sole supplier to all three major domestic ship engine manufacturers, including Hanwha Engine, HD Hyundai Heavy Industries, and HD Hyundai Marine Engine.Dominantmarketpositionasthesolesuppliertoallthreemajordomesticshipenginemanufacturers,includingHanwhaEngine,HDHyundaiHeavyIndustries,andHDHyundaiMarineEngine.
Stable production capability of high-quality products and technology recognized by global major companies, ensuring reliability.Stableproductioncapabilityofhigh-qualityproductsandtechnologyrecognizedbyglobalmajorcompanies,ensuringreliability.
Diversification of business areas into metal forming machinery, metal structural materials, and power generation equipment components, enhancing resilience to market downturns and securing continuous growth drivers.Diversificationofbusinessareasintometalformingmachinery,metalstructuralmaterials,andpowergenerationequipmentcomponents,enhancingresiliencetomarketdownturnsandsecuringcontinuousgrowthdrivers.
Proactive response to strengthening global decarbonization regulations through the development of eco-friendly ship engine components, demonstrating technological superiority.Proactiveresponsetostrengtheningglobaldecarbonizationregulationsthroughthedevelopmentofeco-friendlyshipenginecomponents,demonstratingtechnologicalsuperiority.
Leveraging existing facilities and technical capabilities for expansion into new markets such as large machinery, power generation equipment, and bridge components.Leveragingexistingfacilitiesandtechnicalcapabilitiesforexpansionintonewmarketssuchaslargemachinery,powergenerationequipment,andbridgecomponents.
Metal Forming Machinery IndustryMetalFormingMachineryIndustry
Metal Structural Material IndustryMetalStructuralMaterialIndustry
Major MarketsMajorMarkets
JapanJapan
United States (expected expansion opportunities in the shipbuilding industry reconstruction program)UnitedStates(expectedexpansionopportunitiesintheshipbuildingindustryreconstructionprogram)
Certifications/PatentsCertifications/Patents
6 Sigma Excellence Award (HSD Engine).6SigmaExcellenceAward(HSDEngine).
Promising Small and Medium-sized Enterprise Selection (Woori Bank).PromisingSmallandMedium-sizedEnterpriseSelection(WooriBank).
3C PLUS Excellence and Grand Prize Awards (Hanwha Engine).3CPLUSExcellenceandGrandPrizeAwards(HanwhaEngine).
CLEAN Workplace Recognition (Minister of Labor).CLEANWorkplaceRecognition(MinisterofLabor).
Parts and Materials Specialist Company Certification (Ministry of Knowledge Economy).PartsandMaterialsSpecialistCompanyCertification(MinistryofKnowledgeEconomy).
Presidential Commendation (contribution to national industrial development through win-win growth of large and small-medium enterprises).PresidentialCommendation(contributiontonationalindustrialdevelopmentthroughwin-wingrowthoflargeandsmall-mediumenterprises).
Red Cross Member Gold Medal Award.RedCrossMemberGoldMedalAward.
Doosan Engine First-Class Quality Award (2005).DoosanEngineFirst-ClassQualityAward(2005).
Hyundai Heavy Industries Excellent Small and Medium-sized Enterprise Certification (2006).HyundaiHeavyIndustriesExcellentSmallandMedium-sizedEnterpriseCertification(2006).
Development capability for eco-friendly ship engine components through low-temperature denitrification equipment parts development.Developmentcapabilityforeco-friendlyshipenginecomponentsthroughlow-temperaturedenitrificationequipmentpartsdevelopment.