Soudal acquires South-Korean sealant producer Dong Yang

Soudal acquires South-Korean sealant producer Dong Yang
Photo source
www.soudal.com
Soudal is proud to announce the acquisition of the South-Korean sealant producer Dong Yang Silicone Co. Ltd. The company has a turnover of 30 million euro and a product portfolio similar to that of Soudal.

This acquisition is a further step in the geographical expansion of Soudal and strengthens its position in the Asian markets.

Dong Yang Silicone was established in 2003 and develops and manufactures silicone sealants, MS sealants and acrylic sealants. The company employs 52 people and focuses on the construction sector, industrial markets and the glazing industry. In these sectors, Dong Yang has achieved a leading position in its Korean home market.

Dong Yang‘s current management will stay in charge and the entire company staff will remain in place. For the coming years there are plans to expand both production capacity and employment.

Vic Swerts, founder and president of Soudal: “The acquisition of Dong Yang fits into our strategy to strengthen our sales and production capacity on the Asian market. It is part of our geographical expansion, our third pillar of growth, together with product innovation and development of new applications. As we did with previous foreign acquisitions, the acquisition of Dong Yang will be used as a platform for further growth in the country itself and in the wider region. We plan to invest in the expansion of Dong Yang and to add our products to their portfolio. Dong Yang becomes our 17th production site worldwide. It is an important new step to achieve the global ambitions of Soudal and to reach our target of 1 billion euro turnover in 2020.”

600450 Soudal acquires South-Korean sealant producer Dong Yang glassonweb.com

See more news about:

Others also read

H.B. Fuller at GlassBuild America
Visit us at booth #937 to learn how H.B. Fuller is helping the window and door industry connect what matters to improve lives.
New DOWSIL™ Silicone to set a new standard for energy efficiency in commercial insulating glass at glasstec 2018
Dow Performance Silicones, a global leader in innovation and silicon-based technology announce that it will introduce an advanced insulating glass silicone technology designed to further enhance energy performance and improve living comfort, at glasstec 2018 in October.
AAMA Releases New Design Guide for Structural Silicone Glazing
The American Architectural Manufacturers Association (AAMA) recently released a new document to describe proper guidelines and glazing procedures for structural glazing.
ISO-CHEMIE at VETECO: Improved systems for improved solutions and more online services
At VETECO 2018, ISO-CHEMIE will present an expanded range of ISO³ window sealing systems and new web services that offer design support and order processing and planning.
CNUD-EFCO takes financial participation in GFT
The Belgian company CNUD-EFCO International N.V., the world’s number one in annealing lehr and tin bath solutions, part of the BMT Group, is announcing its participation in German Glass Float Technology company GFT GmbH.
Peng Shou Visits KCC Corporation (South Korea)
On the afternoon of July 16th, 2018, Peng Shou, board chairman of CTIEC, was invited to pay a working visit to headquarters of KCC in Korea.

From industry

Schaliënhoevedreef 20-D,
2800 Mechelen
Belgium

Add new comment