[News Space=Reporter seungwon lee] Dongwon Systems (CEO Cho Jeom-geun) announced its performance on the 11th, saying that it achieved consolidated sales of KRW 1.3343 trillion and operating profit of KRW 91.9 billion last year. (Separate sales of KRW 1.2301 trillion and operating profit of KRW 81.2 billion)

Compared to 2023, sales and operating profit increased by 4.5% and 13.7%, respectively. This is because the performance was driven by the even growth of Dongwon Systems' materials, packaging, and secondary battery divisions, and especially the growth of high value-added products such as flexible packaging, cans, pet food, and retort pouches.

The core competitiveness of Dongwon Systems’ materials division lies in growth through export expansion. Dongwon Systems’ materials division, which achieved an average growth rate of 10% over the past 10 years, began to fully engage in overseas exports in 2015 through a major business reorganization.

We expanded our portfolio, which was previously focused on food cans, to include more high value-added product groups, and expanded exports to major countries in North, Central, and South America, including the U.S., Canada, and Mexico. As a result, approximately 40% of Dongwon Systems’ material division sales last year were achieved through exports.

A Dongwon Systems official said, “Based on the original manufacturing technology and R&D capabilities accumulated over 45 years, we have laid the foundation for growth by expanding exports centered on high value-added products,” and “We are currently preparing to advance into the Middle Eastern and European markets, and plan to raise the status of K-packaging materials by increasing the export ratio to over 70% over the next 10 years.”