DASCO, a global leader in heat exchangers for marine and industrial applications, was founded in 1995 by alumni of Busan Mechanical High School. The company began by localizing air conditioning systems for ships and eventually shifted its focus to industrial heat exchangers, specializing exclusively in this field for over 20 years. CEO Lee Geun-young highlighted the dedication of long-term employees as a critical factor in the company’s growth and success. He explained, "By targeting niche markets with our technological expertise, we overcame the challenges of global competition and built DASCO into a recognized name in the industry through continuous innovation in heat exchanger technology."
The company has experienced remarkable growth in recent years. Revenue increased from 21 billion KRW in 2020 to 40.4 billion KRW in 2023. DASCO earned the 5 Million Dollar Export Tower in 2022 and the 10 Million Dollar Export Tower the following year, a testament to its expanding international footprint. Key factors in this success include diversification of customers and products, investment in new product development, and a robust overseas sales strategy. DASCO’s clientele spans shipyards and power plants, with major customers such as Hanwha Power Systems, Doosan Energy, Sunbo Family in Korea, and global companies like Atlas Copco, Air Liquide, Kobe Steel, and Mitsubishi.
Despite facing hurdles such as workforce training, factory space limitations, technology development, and funding challenges, DASCO has emerged stronger, enhancing its competitiveness in an increasingly crowded market. With growing competition from China and India, the company is focusing on improving productivity and efficiency. CEO Lee emphasized the importance of acquiring patents and developing advanced technologies to maintain price competitiveness. He added, "Through innovation and the production of cutting-edge products, we aim to solidify DASCO’s reputation as a world-class leader in the heat exchanger industry."
Media Contact
Company Name: DASCO
Contact Person: Lee Geun Young
Email: Send Email
Phone: +82-51-973-4895
Address:33, Noksansandan 17-ro 78beon-gil, Gangseo-gu
City: Busan
Country: Korea
Website: www.dascohex.com
