Year 2017 in Figures. Sales. Sold 277 M 291,000 KL. 2 Plants. Employees. Busan & Ulsan in Korea. 210 people

Transcription

1 : Introduction

2 Year 2017 in Figures Sales Sold 277 M 291,000 KL Employees 2 Plants 210 people Busan & Ulsan in Korea

3 Key History Starts lubricant business as Michang Oil Ind. Co., Ltd &1969 Develops Transformer Oil & Rubber Process Oil for the first time in Korea Registered as an official supplier for Procurement Department of the Ministry of National Defence & the National Railroad Administration 1971 Investing into Ulsan plant ($4.8 M & $8.8 M) 2017& Technical cooperation with Mitsubishi Oil Co., Ltd. (JXTG) & Started supplying engine oils to Hyundai Motor

4 On the Map Seoul Office : domestic sales Ulsan Plant: land; 39,921m 2 jetty; draft Max 11.2m Busan Headquarters & Plant: land; 20,368m 2 jetty; draft Max 6.5m

5 Administration Chart YoungNam Office Affairs Assistance Team Technical Sales Team II Technical Sales Team I Busan Production Team Global Marketing Team I Seoul Office Ulsan Office Ulsan Production Team Global Marketing Team II Logistics Operation Team Global Marketing Team III Environment & Safety Part Accounting & Finance Team Quality Assurance Team Ulsan QA Part

6 Raw Material Purchasing Power

7 Facility Capacity Number of Storage / Storage Capacity (Unit: Number &KL) Busan Ulsan Total Base Oils 36 / 13, / 20, / 34,309 Additives 7 / / / 1,174 Blending 30 / 1, / / 1,594 Products 33 / 21, / 8, / 29,830 Total 106 / 36, / 30, / 66,907

8 Facility Capacity Product Capacity Busan Ulsan Total Transformer Oil 7K 48K 55K RPO 30K 110K 140K Marine Lube 80K 80K Auto Lube 26K 85K 111K White Oil 20K 48K 68K Additives 15K 15K Total 163K 306K 469K (Unit: MT)

9 Available Packing Small Package Size 1L X 12 pet bottles 3L X 6 pet bottles 4L X 4 pet bottles & 4L X 6 steel 6L X 3 pet bottles 20L pails

10 Available Packing

11 Production Capacity per Day Busan Ulsan 1L (wsp only) 40 box (1*20) 5,000 box (1*12) 3L - 1,000 box (3*6) 4L (wsp only) 40 box (4*6) 8,000 box (4*4) & 1,200 box (4*6) 6L - 1,500 box (6*3) 20L 1,000 pails 3,500 pails Busan Ulsan Drum 1,000 1,200 (4 lines) ISO & Flexi Ave. 6 but maximum 12 - Bulk - 300,000 L

12 Corporate Philosophy Past Enhance efficiency with sincere attitude With Thoroughness in careful inspection Increase the national interest by improving the quality Recent Mission : always trying to provide the best quality in order to become one of the world s best lubricant companies Vision : perfectionism sprit, eco-friendly future & Increase customer satisfaction Motto : With us From us

13 Integrated Management System

14 Global Partnerships Toll blending OEM with BP for marine lube oils since November 1982 & November 1991 Technical cooperation with Mitsubishi Oil Co., Ltd. (JXTG) since January 1986 Toll blending OEM with Total Lubmarine for marine lube oils since February 1994 Toll blending OEM with Infineum for VM (Viscosity Modifier) production since October 2000 Toll blending OEM with Russia Lukoil for marine lube oils since February 2010 Distributorship Agreement between H&R Group and MICHANG since April 2010

15 Relationship with Global Corporations Technical alliance with JXTG and local production of ENEOS products in Korea Possiblity(every two years, bidding); Gasoline engine oil supply for the use of service fill Genuine auto transmission oil supply for the use of factory fill Signed the contract in 2017 and ready to start sales in 2018 (OEM business) Supplier of raw materials for their use of manufacturing

16 Relationship with Global Corporations Industrial lubricant, mineral oil & white mineral oil supply for the purpose of their manufacturing We are the official suppler for one of the top five pharmaceutical companies in the world Supplier of raw materials for the use of their manufacturing Official supplier for Korea Electric Power Corporation since June 1964

17 Brands in the World Russia Belgium Switzerland Greece Uzbekistan Tajikistan Mongolia China Iraq Afghanistan Hong Kong Pakistan Taiwan Myanmar Nigeria BangladeshThailand Vietnam Cambodia Malaysia Philippines Indonesia Mozambique Australia &

18 Future Business

19 Thank you for supporting our business!! For further information, please contact the presenter or the most relevant person Disclaimer: We have prepared this document solely for informational purposes. You should not rely on or use it to as a base for any decision, contract, commitment or action whatsoever related to any transactions. You and your directors, officers, employees, agents and affiliates must hold this document in strict confidence and may not communicate, reproduce, distribute or disclose it to any other person, or refer to it publicly, in whole or in part at any time except with our prior written consent. Thank you!