[Edaily Reporter Shin Ha-yeon ] SG CO., LTD.(255220)is trading up more than 16% in early trading following news that it has signed a 272.7 billion won Multiple Award Schedule (MAS) contract for asphalt concrete with the Public Procurement Service.

According to MP Doctor on the 4th, as of 9:10 a.m., SG CO., LTD. is trading at 1,420 won, up 16.39% from the previous trading day.

SG CO., LTD. announced today that it has signed an asphalt MAS contract with the Public Procurement Service totaling 272.7 billion won. SG CO., LTD.’s sole contract amount is 98.5 billion won, while the total contract value—including orders secured by its consolidated subsidiaries and affiliates—is 272.7 billion won. The company plans to supply a total of 864,000 metric tons (t) of asphalt to Seoul, Incheon, and the greater Seoul metropolitan area over a two-year period starting this month and running through July 2028.

Following its 2024 achievement as the first mid-sized company to secure an asphalt MAS contract with the Public Procurement Service, SG CO., LTD. has renewed this contract, thereby expanding its supply base in the public procurement market.

The company also plans to expand its supply areas to include Seoul, Incheon, Gyeonggi Province, and the Chungcheong region. It is also working to secure a total of 2.46 million metric tons of government-procured asphalt concrete in locations such as Anseong and Pocheon in Gyeonggi Province; Asan and Gongju in South Chungcheong Province; Sejong Special Self-Governing City; and Chungju in North Chungcheong Province.

Expectations for expanded supply to large-scale private projects and eco-friendly products are also believed to have stimulated investor sentiment. SG CO., LTD. is currently the sole supplier of asphalt concrete to the construction site of SK hynix’s Yongin Advanced System Semiconductor Cluster, and is conducting trial paving of “EcoSteel Asphalt”—an eco-friendly, high-durability product—at SamsungElectronics’ Pyeongtaek Campus Semiconductor Plant No. 5.

SG CO., LTD. stated, “Since entering the public procurement market as a mid-sized company in 2024, we have demonstrated our competitive quality and stable supply capabilities,” adding, “We will expand the supply of our eco-friendly, high-durability ‘EcoSteel Asphalt’ in the public procurement market while continuing to broaden our business scope to include national semiconductor industrial complexes, large-scale infrastructure projects, and overseas markets.”