Daedong Group Unveils Agricultural AI Value-Up Plan with $2.6B Sales Target by 2030
Daedong Group plans to shift focus to agricultural AI and robotics, targeting $2.6 billion in sales by 2030. The strategy includes expanding its dealer network and increasing revenue from new business streams to 25.9%.
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Daedong Group, along with its affiliates Daedong Gear and Daedong Metals, has announced a long-term strategy focused on agricultural physical AI and robotics. The company aims to achieve consolidated sales of 3.59 trillion won (approximately $2.6 billion) and a return on equity of 20% by 2030.
This includes plans to expand their dealer network in North America and Europe to over 1,700 locations. Daedong Gear is targeting 1 trillion won (around $730 million) in sales by 2030 through modularization of its electric vehicle parts and entering the robot reducer and actuator market.
Daedong Metals will expand into high-value casting for semiconductor and defense components. The group will also enhance shareholder value through increased dividend payout ratios and improved investor relations.
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