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World class Korean technology pioneers global special steel pipe market
CEO Park Joong-ho of MS Pipe 

Competitive price replaces the imported
MS Pipe, located in the Pohang Steel Industry Complex, was established in 2005. The company has made a significant growth for the last 12 years with cutting edge manufacturing skills in steel pipe, high pressure pipe and alloy steel pipe used for special precision processing. 

The ‘high-intensity and ultra-thick material pipe’, among many innovative pipes of MS Pipe, boasts high dimensional precision and excellent weldability and, for this reason, used as a material for machine and automobile structures. To make the pipe, the company used optimum molding technology and ERW (Elastic Resistance Welding) to turn the steel pipes with less than 114.3mm to the ‘high-intensity and ultra-thick material pipe’. 

“We have accumulated our technology and experience in steel molding rolls since 1997 and MS Pipe today is the result of these two valuable elements. We also have exerted much of our effort in development of the pipe that can replace expensive imported seamless steel pipe” explains CEO Park Joong-ho of MS Pipe. 

Seamless steel pipe has no welding joints which make the pipe free from faults caused by welding. It is resistant to high temperature and pressure and therefore used as an essential material for automobile, heavy equipment and energy plant. The problem, however, is that Korea imports 600,000 tons of this expensive pipe from Europe and Japan every year which is a burden to many businesses in Korea. 

In this respect, MS Pipe’s development of the alternative pipe is but such a remarkable feat: it raises T/OD by up to 26% and boasts excellent durability and safety but the price is relatively cheaper than the imported. The pipe also can be made into different intensity, thickness and purpose depending on the client’s need. 

“The pipe is near like the imported seamless steel pipe in quality but the competitive price can play a good alternative for those who wish to cut down the costs.”

“Technology is the growth engine of small and medium businesses”
Development of new technologies is always challenging and one must endure many trials and errors. And the case was no different for MS Pipe to develop the pipe that can replace the imported seamless steel pipe. 

“We secured technologies and knowhow in the steel molding roll design but we literally knew nothing about how and where to start. So we went through tens of thousands of mistakes during the development process. Naturally, it also took us a long time to secure specialists in the field.”

The reason CEO Park has been tenaciously clinging to ‘specialized technologies’ was because he realized that that was the only way for small and medium businesses to survive.

“We carried out consulting on European steel roll design for 10 years and we came to know that strong companies possessed one or more of specialized high quality technologies that can represent the company. And it was a moment of awakening.”

Challenging the global market over Korea
With these remarkable achievements, MS Pipe is pushing forward pioneering overseas market at the moment. The products of MS Pipe are being exported to Japan and the company signed a $900,000 contract with a Vietnamese motorbike parts supplier at an export consulting held by Pohang City last November as part of the promising small and medium company export support program. An $800,000 deal is also under negotiation with UB, an Indian steel company located in Mumbai. 

The recently released carbon steel pipe designed for sprinklers, in addition, makes a rapid growth in the market. The pipe made MS Pipe as the first Korean company which obtained a certificate from UL (Underwriters Laboratories) and FM (Factory Mutual) in the US and the pipe, as a result, is being exported to the US, Canada and Mexico. 

In recognition of these achievements, MS Pipe was designated as an incubation enterprise by the Korea Industrial Complex Corporation in February last year and as a promising small but strong enterprise by Pohang City last June. Taking the momentum, CEO Park is planning to increase export sales to 40% from the current 25% with a bigger goal to achieve 50 billion won ($43M) sales by 2019 and 100 billion won within five years. 

“The support of Pohang City took a great part for us to be able to pave the way to enter overseas markets. I believe that a continuous support for small and medium businesses, especially in the field of manpower fostering and industry-university cooperation, will create more jobs and will give more opportunities for local companies to expand their business scope to overseas market over Korea.”

<Power Korea> sends a message of support. 


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