Manho Rope & Wire Plans Expansion into Automotive, Defense, and Robotics Following Profitability Turnaround
Manho Rope & Wire, a steel wire rope manufacturer, is set to achieve profitability this year after restructuring and cost innovations. The company plans to expand into automotive parts, defense, and robotics through mergers and acquisitions, starting with Samjin Mobility. Additionally, it will produce nuclear-grade steel wires for the Shin Hanul reactors starting in 2028. Manho Rope & Wire aims to enhance corporate value, implement shareholder return policies, and rebrand with a new corporate identity.
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Manho Rope & Wire expects to turn profitable in 2026 following three years of losses and significant restructuring. The company plans to produce nuclear-grade steel wires for the Shin Hanul Units 5 and 6 reactors starting in 2028.
It intends to enter automotive parts, defense, and robotics sectors through mergers and acquisitions, beginning with acquiring Samjin Mobility, which generates annual profits of 2-3 billion won. Manho Rope & Wire is also pursuing ultra-precision machining for defense applications and expects to grow new ventures to enhance corporate value. Shareholder return policies, including a stock split and interim dividends, are planned.
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