Information
109 Sogong-ro, Jung District, Seoul, South Korea
+82 2-2671-6075
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Overview
- Summary
- M2N Co., Ltd. is a company that has established a strong position as a leading domestic enterprise in the steel drum business since its establishment in 1978. In 2007, it laid the foundation for a new leap forward with its KOSDAQ listing and the successful launch of its general carbon steel distribution business. After changing its name in 2020, the company entered the bio business, conducting new drug development and clinical trials. In 2023, through the acquisition of Shinhan Electric Co., Ltd., it expanded its scope into automotive parts and thermal management system businesses, possessing a diversified business portfolio.M2N Co., Ltd. is a company that has established a strong position as a leading domestic enterprise in the steel drum business since its establishment in 1978. In 2007, it laid the foundation for a new leap forward with its KOSDAQ listing and the successful launch of its general carbon steel distribution business. After changing its name in 2020, the company entered the bio business, conducting new drug development and clinical trials. In 2023, through the acquisition of Shinhan Electric Co., Ltd., it expanded its scope into automotive parts and thermal management system businesses, possessing a diversified business portfolio.
- Key Products/Technologies
- Manufacturing technology for steel drums for petrochemical product packagingManufacturing technology for steel drums for petrochemical product packaging
- Manufacturing technology for automotive electronic components such as pumps, sensors, and valves applied to automobiles and system air conditionersManufacturing technology for automotive electronic components such as pumps, sensors, and valves applied to automobiles and system air conditioners
- Technological capability in developing and localizing PT sensors (Pressure Temperature Sensors) that complexly control temperature and pressure in eco-friendly vehicle air conditioning systemsTechnological capability in developing and localizing PT sensors (Pressure Temperature Sensors) that complexly control temperature and pressure in eco-friendly vehicle air conditioning systems
- Development and manufacturing technology for thermal management (HVAC) systems applicable in various industrial fields such as data centers, Energy Storage Systems (ESS), and industrial facilitiesDevelopment and manufacturing technology for thermal management (HVAC) systems applicable in various industrial fields such as data centers, Energy Storage Systems (ESS), and industrial facilities
- Capability in new drug development and clinical trials aiming for US Food and Drug Administration (FDA) approval, possessing new drug candidatesCapability in new drug development and clinical trials aiming for US Food and Drug Administration (FDA) approval, possessing new drug candidates
- Expertise in the general carbon steel distribution businessExpertise in the general carbon steel distribution business
- Core Advantages
- A strong position as a leading domestic company in the steel drum business, securing a 40-50% market share in the Yeosu National Industrial ComplexA strong position as a leading domestic company in the steel drum business, securing a 40-50% market share in the Yeosu National Industrial Complex
- Securing stable growth drivers through a diversified business portfolio including steel drums, automotive electronic components, bio, and general carbon steel distributionSecuring stable growth drivers through a diversified business portfolio including steel drums, automotive electronic components, bio, and general carbon steel distribution
- Proprietary technological capabilities in HVAC and thermal management systems, including the successful development and localization of PT sensors for eco-friendly vehiclesProprietary technological capabilities in HVAC and thermal management systems, including the successful development and localization of PT sensors for eco-friendly vehicles
- Long-standing business relationships with major petrochemical companies such as BASF Korea and Hanwha Solutions within the Yeosu National Industrial ComplexLong-standing business relationships with major petrochemical companies such as BASF Korea and Hanwha Solutions within the Yeosu National Industrial Complex
- Securing major clients in the automotive sector, such as Hanon Systems and Doowon Climate Control, and in the home appliance sector, such as Samsung Electronics and LG ElectronicsSecuring major clients in the automotive sector, such as Hanon Systems and Doowon Climate Control, and in the home appliance sector, such as Samsung Electronics and LG Electronics
- Future growth potential in the bio business through the acquisition of Shinlazen and investments in new drug developmentFuture growth potential in the bio business through the acquisition of Shinlazen and investments in new drug development
- External recognition of technological prowess and future growth potential through the acquisition of innovative growth-type venture company certificationExternal recognition of technological prowess and future growth potential through the acquisition of innovative growth-type venture company certification
- Target Industrie
- Petrochemical industry (steel drums)Petrochemical industry (steel drums)
- Automotive industry (automotive parts, electric vehicle thermal management systems)Automotive industry (automotive parts, electric vehicle thermal management systems)
- Home appliance industry (system air conditioners, refrigerators, water purifier components)Home appliance industry (system air conditioners, refrigerators, water purifier components)
- Biopharmaceutical industry (new drug development and clinical trials)Biopharmaceutical industry (new drug development and clinical trials)
- Data center and Energy Storage System (ESS) industries (high-efficiency thermal management systems)Data center and Energy Storage System (ESS) industries (high-efficiency thermal management systems)
- General industrial facility sector (thermal management systems)General industrial facility sector (thermal management systems)
- Major Markets
- South Korea (main production and domestic market), Indonesia (local subsidiary's production facilities and sales network), India (market entry in full swing), China, Southeast AsiaSouth Korea (main production and domestic market), Indonesia (local subsidiary's production facilities and sales network), India (market entry in full swing), China, Southeast Asia
- United States (new drug development and clinical trials in progress)United States (new drug development and clinical trials in progress)
- Certifications/Patents
- Acquisition of innovative growth-type venture company certificationAcquisition of innovative growth-type venture company certification
- Technological capability in successful development and localization of PT sensors for eco-friendly vehiclesTechnological capability in successful development and localization of PT sensors for eco-friendly vehicles
- Possession of numerous design and manufacturing technologies for HVAC-related componentsPossession of numerous design and manufacturing technologies for HVAC-related components
- Capability in new drug development and clinical trials aiming for US FDA approval, possessing new drug candidatesCapability in new drug development and clinical trials aiming for US FDA approval, possessing new drug candidates
- Awarded appreciation plaque as an ISO management excellence certified company (specific ISO number not confirmed)Awarded appreciation plaque as an ISO management excellence certified company (specific ISO number not confirmed)
Introduction
Location
109 Sogong-ro, Jung District, Seoul, South Korea
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