[Edaily Reporter Shin Ha-yeon] #Essen Tech, a Daechang Group affiliate specializing in refrigeration and air conditioning components, announced on the 12th that it is diversifying its revenue structure by expanding supplies to the North American and European markets, focusing on its core product, the refrigeration ball valve.

The company is moving away from its existing domestic-focused business structure to strengthen its capabilities in responding to overseas markets. In particular, as the proportion of exports increases, the company expects recent trends in the won-dollar exchange rate to have a positive impact on its performance.
In addition, increased export volumes and higher product unit prices in the global market are cited as factors contributing to improved profitability. However, the company explained that the actual impact of exchange rates may vary depending on the proportion of foreign currency settlements, the timing of payments, and the structure of raw material procurement.
The products that E-Sen Tech is promoting as the mainstays of its overseas market strategy are standard refrigeration ball valves and integrated pressure relief refrigeration ball valves for R-744 (CO2) refrigerant. The integrated pressure relief products are characterized by enhanced safety and usability, designed for application in refrigeration and air conditioning systems that use CO2, an eco-friendly natural refrigerant.
The company is expanding its global supply based on UL certification in the U.S. and plans to strengthen its overseas business, particularly in the North American and European markets, by securing additional certifications and acquiring new clients.
Kim Seong-beom, CEO of E-Ssen Tech, stated, "We are focusing our efforts on enhancing product competitiveness in overseas markets and securing a stable supply base," adding, "We will build a foundation for sustainable growth by expanding our export share and diversifying our global supply chain."