"Electric Newspaper" Transformer Business Association, Joint Purchase of Insulating Oil and Bushings > Press Release

Transformer Business Association to Promote Joint Purchase of Insulating Oil and Bushings Chairman Choi Seong-kyu: “We will activate joint production, joint sales, and joint purchasing.” “The current task that transformer manufacturers must solve is to foster the ability to develop civilian and overseas markets rather than rely solely on KEPCO supplies. The job of the association is to create an environment in which this can be realized.” Choi Seong-kyu, chairman of the Korea Transformer Business Association (CEO of Elpowertech, pictured), recently met with reporters and said, “In order for the association to gain power, the best way is to increase the profits of individual member companies.” “Therefore, with the goal of diversifying our business areas through joint production, joint sales, and joint purchasing, we plan to jointly purchase insulating oil and bushings in the near future.” Chairman Choi also suggested strengthening overseas operations as another solution. He said, “It is very difficult for individual companies to develop overseas markets, but if we promote business together at the cooperative level, the possibility will increase significantly,” and “If we form an export leader group centered on companies with overseas business experience and share know-how, I believe we will be able to achieve results that exceed our expectations.” Chairman Choi also revealed his plan to take the lead in this movement. This is because Elpowertech, which Chairman Choi is managing, is an export-oriented company that achieves 80% of its total sales in the Japanese market. Chairman Choi said, “Now that the KEPCO annual unit price bidding, which is called the year’s farming, has been concluded, the cooperative plans to dedicate itself to finding and implementing ways to maximize the profits of its member companies,” and pledged, “We will concentrate all our capabilities so that we can become a business cooperative that can contribute to the development of its member companies.” Reporter Lee Jin-ju (jjlee@electimes.com) Last edited: 2013-09-09 13:49:53 Last written: 2013-09-05 20:14:46

[This post was copied from the press release (Korea) on 2022-08-25 11:21:28 by the highest administrator]