BNG Steel Co., Ltd.
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BNG Steel Co., Ltd. - Company Capsule
Reference Code: BR0135CC
Published Date: April 2011
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BNG Steel Co., Ltd. - Company Capsule Page 1
BNG Steel Co., Ltd.
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BNG Steel Co., Ltd. - Company Overview
BNG Steel Co., Ltd. (BNG) is engaged in the manufacturing of stainless steel products. The company provides a range of
steel products, which includes cold rolled stainless steel products, cold rolled sheets and cold rolled coils. It principally
operates through two plants namely; Changwon plant and Seoul plant. The company has an annual production capacity
of 300,000 tons. The company is the pioneer in the development of bright annealing products and embossed plates in
Korea. BNG operates in Korea, Japan, China and Germany. The company undertakes its business activities through two
subsidiaries namely, BNG Steel GmbH and BNG Steel JAPAN Corp. The company is headquartered in Changwon,
Republic Korea.
Financial Performance
The company reported revenue of KRW 584230.77 million during the fiscal year ended 2009. The company's revenue
declined at a compounded rate of 16.53% during the period 2007-2009 with a year on year decline of 19.97% over fiscal
year 2008. During the fiscal year 2009 its operating margin was 4.42% as against the operating margin of 0.76% in fiscal
year 2008. During the fiscal year 2009 the company registered a net margin of 5.17% as against the net margin of -7.86%
in the fiscal year 2008.
BNG Steel Co., Ltd. - Key Facts
BNG Steel Co., Ltd., Key Facts
66 ShinChon-Dong, ChangWon-
Si, Gyeongsangnam-do, , 135- Ticker Symbol, Stock
Corporate Address: 004560 (Korea Stock Exchange)
Exchange
845, Republic of Korea
Telephone + 82 55 2684114 No. of Employees 419
Fax + 82 2 5631291 Financial Year End December
URL www.bngsteel.com Revenue (in KRW Million) 584,230.77
Industry Metals and Mining Revenue (in USD Million) 456.76
Locations Republic of Korea
Source: Annual Report, Company Website, Primary and Secondary Research
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BNG Steel Co., Ltd. - Company Capsule Page 2
BNG Steel Co., Ltd.
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BNG Steel Co., Ltd. - Major Products and Services
BNG Steel is a South Korea based company, which is engaged in manufacturing cold rolled stainless steel products. The
key products offered by the company includes the following:
BNG Steel Co., Ltd., Major Products and Services
Products:
Cold rolled stainless steel
Cold rolled sheet
Cold rolled coil
Source: Annual Report, Company Website, Primary and Secondary Research
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BNG Steel Co., Ltd. - Company Capsule Page 3
BNG Steel Co., Ltd.
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BNG Steel Co., Ltd. - Key Competitors
The following companies are the major competitors of BNG Steel Co., Ltd.:
Dongil Industries Co., Ltd.
Dongkuk Industries Company
Hyundai Steel Company
Seah Steel Corporation
KISCO Holdings
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BNG Steel Co., Ltd. - Company Capsule Page 4
BNG Steel Co., Ltd.
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BNG Steel Co., Ltd. - Key Employees
BNG Steel Co., Ltd., Key Employees
Name Job Title Board Level Since Age
Chung Sik Song Internal Auditor Senior Management 50
Jong Su Kim Internal Auditor Senior Management 59
Seon Wu Lee Assistant Managing Director Senior Management 2009 52
Yeong Je Kang Assistant Managing Director Senior Management 58
Chief Executive Officer, President,
Yil Seon Jung Executive Board 2008 39
Director
Hong Jong Yoo Director Executive Board 2009 71
Jeong Gon Hwang Director Non Executive Board 2010 54
Source: Annual Report, Company Website, Primary and Secondary Research
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BNG Steel Co., Ltd. - Company Capsule Page 5
BNG Steel Co., Ltd.
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BNG Steel Co., Ltd. - Locations and Subsidiaries
Head Office
BNG Steel Co., Ltd.
66 ShinChon-Dong
ChangWon-Si, Gyeongsangnam-do
Zip: 135-845
Republic of Korea
Tel: + 82 55 2684114
Fax: + 82 2 5631291
Other Locations & Subsidiaries
BNG Steel Co., Ltd., Subsidiaries
BNG Steel JAPAN Corp.
Shuwa Sanbancho building. 3F
Chiyoda
Zip: 102 0075
Japan
Tel: + 81 3 5211 4420
Fax: + 81 3 5211 4422
Source: Annual Report, Company Website, Primary and Secondary Research
BNG Steel Co., Ltd., Locations
Room 2508 Far International Plaza
943-19, Daechi-Dong
Shanghai
Seoul
Zip: 200051
Republic of Korea
China
Tel: + 82 2 3467 0092
Tel: + 86 21 6235 0457
Fax: + 82 2 564 0986
Fax: + 86 21 6235 0743
Source: Annual Report, Company Website, Primary and Secondary Research
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BNG Steel Co., Ltd. - Company Capsule Page 6
BNG Steel Co., Ltd.
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BNG Steel Co., Ltd. - Financial Ratios
Financial Ratios - Annual Ratios
BNG Steel Co., Ltd., Annual Ratios
Key Ratios Unit/Currency 2010 2009 2008 2007 2006
Equity Ratios
EPS (Earnings per Share) KRW 2028.43 2004.95 -3805.94 1284.52 2918.47
Dividend per Share KRW 250 250
Dividend Cover Absolute 5.14 1