DONGSUNG FINETEC CO., Ltd HD Hyundai Heavy LNG carrier insulation materials supply contract, KRW 192.3 billion
DAI summary · Not investment advice
DONGSUNG FINETEC CO., Ltd signed a KRW 192.3 billion contract to supply LNG carrier insulation materials to HD Hyundai Heavy Industries (25.9% of recent revenue).
Contract amount
KRW 192.3 billion
25.9% of recent revenue
Key facts
- Contract details
- Supply contract for ultra-low-temperature insulation materials for LNG carriers
- Recent revenue
- KRW 742.2 billion2025 consolidated
- % of revenue
- 25.9%
- Counterparty
- HD Hyundai Heavy Industries Co., Ltd.
- Supply region
- Location designated by the counterparty
- Payment terms
- Payment schedule: paid after delivery under purchase confirmationDown payment/advance payment included
- Contract period
- Nov 5, 2026 – Mar 31, 2029
- Contract date
- Nov 5, 2026
Commentary
AI commentary · Not investment advice
What happened
Dongsung Finetec agreed to supply ultra-low-temperature insulation materials for LNG carriers to HD Hyundai Heavy Industries Co., Ltd. The contract amount is KRW 192.3 billion. The company said it is a dollar amount converted into won at the exchange rate on the contract date. Delivery goes to locations the customer designates. The contract runs until 2029.03.31. Delivery timing follows the customer's requests and may change with the ship construction schedule. Payment is made after delivery under a purchase confirmation. The contract also includes a down payment or advance.
In the company's terms
This amount equals 25.9% of the company's recent revenue of KRW 742.2 billion, on a 2025 consolidated basis (including subsidiaries). The company said it has recently carried out similar contracts with this customer.
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