SeAH Besteel Holdings
From Wikipedia, the free encyclopedia
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Native name | 세아베스틸지주 |
|---|---|
| Company type | Public |
| KRX: 001430 | |
| Industry | Holding company (Special steel and advanced metal materials) |
| Founded | 1 April 2022; 3 years ago (2022-04-01) |
| Headquarters | SeAH Tower, 45, yanghwa-ro, Mapo-gu, , |
Key people | Lee Tae-sung (President & CEO) Kim Su-ho (Vice President & CEO) |
| Parent | SeAH Holdings |
| Subsidiaries | SeAH Besteel SeAH CSS SeAH Aerospace & Defense Materials SeAH GSI SeAH Superalloy Technologies |
| Website | https://www.seahbesteelholdings.co.kr/ |
SeAH Besteel Holdings (Korean: 세아베스틸지주) is a South Korean intermediate holding company within the SeAH Group. The company was established on April 1, 2022, following the corporate split of SeAH Besteel into a holding company and a manufacturing company. It oversees domestic and international subsidiaries involved in the production of special steel, stainless steel, aluminum, and other metal materials, supplying products to sectors including aerospace, defense, nuclear energy, and specialty materials.
SeAH Besteel Holdings was established following a corporate restructuring of SeAH Besteel. On January 20, 2022, SeAH Besteel announced its plan to separate into a holding company and a manufacturing company. The restructuring was completed on April 1, 2022, with SeAH Besteel Holdings assuming the role of the group’s holding and investment entity, while SeAH Besteel continued to operate as a steel manufacturing company.[1]
On August 8, 2022, SeAH CSS (Changwon Integrated Special Steel) formed a joint venture with Saudi Aramco to establish SeAH GSI (Gulf Special Steel Industries).[2][3] In May 2024, SeAH Besteel Holdings announced the establishment of a U.S.-based special alloy manufacturing subsidiary, SeAH Superalloy Technologies.[4][5]
Subsidiaries and Operations
SeAH Besteel
SeAH Besteel manufactures special steel products used in the automotive, machinery, construction, shipbuilding, and offshore wind power industries. In 2021, the company entered the nuclear energy sector by supplying used nuclear fuel transport and storage casks to the United States market, marking the first export of such products by a South Korean company.[6]
SeAH CSS (Changwon Integrated Special Steel)
SeAH CSS specializes in the production of stainless steel and high-alloy steel products. The company operates an integrated steelmaking facility with an annual production capacity of approximately 1.2 million tons. Its product portfolio includes stainless steel bars, wire rods, and seamless pipes, which are supplied to industrial, aerospace, and defense sectors.[7]
SeAH Aerospace & Defense Materials
SeAH Aerospace & Defense Materials produces high-strength aluminum alloy materials. The company manufactures aluminum extrusion and forging products for the aerospace industry and supplies materials to the supply chains of aircraft manufacturers such as Boeing, Airbus, Lockheed Martin, and Korea Aerospace Industries (KAI). It also provides materials for defense-related applications.[8][9]
SeAH GSI (SeAH Gulf Special Steel Industries)
SeAH GSI (SeAH Gulf Special Steel Industries) is a joint venture between SeAH Changwon Integrated Special Steel and Saudi Aramco. The company is located in King Salman Energy Park (SPARK) in eastern Saudi Arabia and is constructing a stainless seamless pipe and tube manufacturing plant. Completion of the facility is targeted for the fourth quarter of 2026.[10]
SeAH Superalloy Technologies
SeAH Superalloy Technologies is a United States–based special alloy manufacturing subsidiary currently under construction. The facility is intended to supply high-value-added alloy products to the aerospace, defense, energy, and space industries in North America. Operations are scheduled to begin in the third quarter of 2026, with an expected annual production capacity of approximately 6,000 tons.[11][12]
References
- ↑ "SeAH Besteel to split into holding entity and unlisted special steel business unit - 매일경제 영문뉴스 펄스(Pulse)". Pulse (in Korean). Retrieved 2026-01-27.
- ↑ Ik-Hwan, Kim (2022-08-08). "Korea's SeAH joins hands with Saudi Aramco on special steel". The Korea Economic Daily. Retrieved 2026-01-27.
- ↑ 기자, 최민경. "세아창원특수강, 아람코 합작법인 설립…중동시장 공략". n.news.naver.com (in Korean). Retrieved 2026-01-27.
- ↑ 기자, 김진현 (2024-05-16). "세아창원특수강, 美 법인 1486억 출자…현지 특수합금 시장 겨냥". 블로터 (in Korean). Archived from the original on 2024-05-16. Retrieved 2026-01-27.
- ↑ Min-hee, Jung (2024-05-17). "SeAH to Establish Defense and Aerospace Special Alloy Plant in US". Businesskorea (in Korean). Archived from the original on 2025-07-20. Retrieved 2026-01-27.
- ↑ "Orano and SeAH Besteel Complete First Production and Delivery of Dual-purpose Used Nuclear Fuel Dry Storage Casks for U.S. Utility". usa.orano. Retrieved 2026-02-05.
- ↑ CHOSUNBIZ (2025-12-14). "SeAH Besteel Holdings shifts from steel to space and aerospace supplier". CHOSUNBIZ. Retrieved 2026-02-05.
- ↑ Suk-yee, Jung (2025-10-28). "SeAH Besteel to Establish Aluminum Plant for Aircraft". Businesskorea (in Korean). Archived from the original on 2025-11-01. Retrieved 2026-02-05.
- ↑ Lee, Yoonjae; Ha, Byeongmin; Hwangbo, Soonho (2021). "Generative Model-Based Hybrid Forecasting Model for Renewable Electricity Supply Using Long Short-Term Memory Networks: A Case Study of South Korea's Energy Transition Policy". SSRN Electronic Journal. doi:10.2139/ssrn.3986352. ISSN 1556-5068.
- ↑ Global, KED. "Korea's SeAH joins hands with Saudi Aramco on special steel - KED Global". KED Global. Archived from the original on 2025-09-02. Retrieved 2026-02-05.
- ↑ Global, KED. "SeAH to invest $155.3 mn to build special alloy plant in US - KED Global". KED Global. Archived from the original on 2025-07-23. Retrieved 2026-02-05.
- ↑ CHOSUNBIZ (2025-12-22). "SeAH Besteel to complete US alloy plant and targets aerospace orders". CHOSUNBIZ. Retrieved 2026-02-05.
Largest conglomerates in South Korea | |
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Business Groups with a total asset exceeding 0.5% of the nominal GDP for 2025, as designated by KFTC | |
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