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Thomson Reuters Business Description:
| Sungwon Pipe Co., Ltd. is a Korea-based company that is primarily involved in the production and supply of stainless steel pipes used in different industrial applications. The company's products are used in paper manufacturing, petrochemical industry, food processing, heat exchangers, machineries and water piping. The Company distributes its products in domestic market and to the overseas markets. On June 29, 2009, the Company established a wholly owned subsidiary, engaged in the manufacture of stainless steel pipes. On October 28, 2009, the Company sold 80% of MIJU STS Co., Ltd., a wholly owned subsidiary of the Company mainly engaged in the manufacturing of stainless steel pipes. On December 8, 2009, the Company acquired 100% stake in a Korea-based company, engaged in marketing of stainless steel pipes. |
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