JU CHAN CORPORATION

What JU CHAN CORPORATION does

JU CHAN CORPORATION (주찬실업) is a privately held Korean industrial manufacturer founded in 1992 in Seoul and now headquartered in Busan. The company specializes in forging and precision machining of heavy industrial components — including forged flanges (SORF, WNRF, LWNRF, BLRF, SWRF, RTJ, and specialty types), tube sheets and baffles, seamless and welded tubes, U-tubes, fin tubes, dish heads and shells, quick-opening closures (Q.O.C), and forged shafts, rings, and pipe — using a range of carbon steel, low alloy, stainless steel, duplex/superduplex, nickel alloy, copper alloy, and titanium alloy materials. Its 14,421 m² manufacturing facility in Gimhae supports forging capability up to 300 tons in weight, 6,970mm outer diameter, and 21,000mm length, with in-house testing equipment covering mechanical, impact, spectrometric, and hardness verification.

The company's business model is direct enterprise sales of custom-manufactured components on a project-by-project, quote-based pricing structure. There are no distributors or intermediaries; sales are conducted through technical inquiry, quotation, and vendor-qualification processes with end-user plant operators and EPC contractors. JU CHAN is pre-qualified as a registered vendor with 50+ major Korean and international customers, including Hyundai E&C, GS E&C, POSCO E&C, Samsung Engineering, KOMIPO, KOSPO, S-OIL, SHELL, Petronas, KNPC, OCI, PT Pertamina, Conoco Phillips, Qatar Gas Operating Ltd, Toyo India, and Babcock. International certifications — ISO 9001 (2008), ISO 14001 (2008), OHSAS 18001 (2013), API 6A (2011), and CE/PED (2011) — underpin entry into global oil & gas, petrochemical, power generation, nuclear, and shipbuilding end-markets across 15+ countries.

Revenue is generated from one-time sales of custom-forged components rather than recurring licensing or subscription arrangements. The company reaches customers through direct enterprise sales, industry trade shows (e.g., International Oil & Gas exhibitions, M-Tech Tokyo, Korea Industrial Equipment Technology Exhibition), and a downloadable product catalog distributed via its corporate website. Korean Government Export Tower Awards ($3M in 2006, $5M in 2008) document the company's earlier export trajectory, and the firm is currently operating with no external investment or private equity backing disclosed.

Name

JU CHAN CORPORATION

Legal name

JU CHAN CORPORATION

Website

https://juchan.co.kr

Company type

Private

Founded year

1992

Operating status

Operating

Short description

JU CHAN CORPORATION is a Korean industrial manufacturer of forged flanges, tubes, tube sheets, dish heads, and pressure-vessel components serving global oil & gas, petrochemical, power generation, and shipbuilding customers via direct enterprise sales.

Ownership category

akta.pro rank

Product category

Industrial Forged Components Manufacturing

NAICS

Forging and Stamping (3321), Fabricated Pipe and Pipe Fitting Manufacturing (332996)

SIC

Metal Forgings & Stampings (3460), Fabricated Plate Work (Boiler Shops) (3443)

akta.pro primary industry

Pressure Vessels, Columns & Storage Tanks (ASME/Process Vessels) (IMAHAEAF)

Keywords

• Forged industrial components
• Steel flange manufacturing
• Pressure vessel parts
• Custom metal forging
• Industrial pipe fittings

Headquarters

HQ city

Busan

HQ country

South Korea

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Custom Industrial Component Manufacturing: One-time sale of custom-forged industrial components including flanges, tubes, tube sheets, baffle plates, dish heads, shells, and forged pipes. Products are manufactured to customer specifications for power plants, petrochemical plants, and shipyards. Pricing is quote-based for custom projects.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

JU CHAN CORPORATION manufactures custom-forged industrial components for the oil & gas, petrochemical, power generation, shipbuilding, and nuclear industries. Core offerings include forged flanges (SORF, WNRF, LWNRF, BLRF, SWRF, LAP JOINT, THREADED, RTJ TYPE), tubes and fin tubes, tube sheets and baffles, dish heads and shells, quick opening closures (Q.O.C), and forged pipes/shafts in carbon steel, alloy, stainless, duplex, nickel, copper, and titanium grades. The company operates an approximately 14,421 square meter forging and machining facility in Busan/Gimhae, South Korea, producing components up to 300 tons weight.

Product overview

JU CHAN CORPORATION is an industrial manufacturing company specializing in forged components and pressure vessel parts. The company operates as a single-product-line manufacturer offering eight core product categories: Forged Flange, Tube Sheet & Baffle, Tube & U-Tube, Fin Tube, Dish Head & Shell, Material, Q.O.C (Quick Opening Closure), and Forged Pipe. These products serve the power generation, petrochemical, oil & gas, and shipbuilding industries. The company also provides materials in various steel grades including carbon steel, low alloy, stainless steel, duplex, nickel alloy, copper alloy, and titanium alloy.

Differentiator

Problem solved

Functional benefit

Products and services

• Forged Flange Industrial forged flanges including standard and non-standard types: SORF, WNRF, LWNRF, BLRF, SWRF, LAP JOINT, THREADED, RTJ TYPE, and SPECIAL FLANGE, with maximum OD 3,000mm and length up to 21,000mm, weight up to 250 tons, for power plants, petrochemical plants, and refineries.
• Tube Sheet & Baffle Tube sheets and baffle plates for heat exchangers with high-quality drilling surface finishing for power, petrochemical, and refining industries.
• Tube & U-Tube Seamless and welded ferrous and non-ferrous tubes for boilers, furnace, superheater, re-heater, steam, oil, gas, chemical, and pharmaceutical industries; includes U-tubes for heat exchangers.
• Fin Tube Fin tubes for heat exchangers, waste heat recovery equipment, LP/HP heaters, pressure vessels, and air fin cooler exchangers.
• Dish Head & Shell Formed head products and shells including ellipsoidal, torispherical, hemispherical, and other standard dish head shapes for pressure vessels.
• Q.O.C (Quick Opening Closure) Quick opening closures with locking band, locking ring, locking head, clamp ring, and swing bolt type configurations; size range 6 to 96 inch nominal diameter, ASME #150 through #2500 class ratings, design codes ASME Section VIII Division 1 & 2 and ASME Section I.
• Forged Pipe Forged shafts (drum, crusher, pinion, roller), rings (tyre, cone, shell), blocks, square bars, and mold/tool steel for industrial applications including petrochemical, nuclear power, shipbuilding (propeller shafts up to 160 tons carbon and 110 tons alloy), and power plant sectors.
• Material (Raw Material Grades) Various material grades including Carbon Steel, Low Alloy, Stainless Steel, Duplex and Superduplex, Nickel Alloy, Copper and Copper Alloy, and Titanium Alloy for manufacturing custom forged components.

Quantifiable outcome

• Factory size of approximately 14,421 m² for manufacturing operations
• +2 more outcomes

Named customers15 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• S-OILcoreStrategic or Co-development Partner · 1 January 2016Major customer for refinery projects including S-OIL RUC PJT, S-OIL SUPER PROJECT 3, and S-OIL CatCooler. Supplied flanges, plates, and boss components.
• Petronas (Malaysia)coreStrategic or Co-development Partner · 1 January 2016RAPID project Malaysia - supplied flanges, tube sheets, and custom components for Petronas chemical and refinery projects.
• Hyundai E&C (현대건설)coreStrategic or Co-development Partner · 1 January 2015Re-qualified as approved vendor supplier in 2015.
• GS Construction (GS건설)coreStrategic or Co-development Partner · 1 January 2014Registered vendor since 2014. Supplying flanges for GS Construction projects including TE-3 project.
• Hyundai E&C (현대건설)coreStrategic or Co-development Partner · 1 January 2013Qualified as an approved vendor supplier. JU CHAN supplies forged flanges and components for Hyundai Engineering & Construction projects.
• POSCO E&C and POSCO Energy (포스코건설, 포스코에너지)coreStrategic or Co-development Partner · 1 January 2013Qualified vendor for POSCO Engineering & Construction and POSCO Energy power plant projects.
• Samsung Engineering (삼성엔지니어링)coreStrategic or Co-development Partner · 1 January 2013Registered vendor supplier for Samsung Engineering projects since 2013.
• KOMIPO (한국중부발전)coreStrategic or Co-development Partner · 1 January 2013Registered vendor for Korea Midland Power Company power generation projects.
• SHELL (International)coreStrategic or Co-development Partner · 1 January 2012Qualified vendor for SHELL global projects. Major customer for flanges and forged components in SHELL's international oil & gas projects.
• Toyo India (도요인디아)minorStrategic or Co-development Partner · 1 January 2012Qualified vendor for Toyo Engineering India projects.
• Babcock (밥콕)minorStrategic or Co-development Partner · 1 January 2012International vendor qualification for Babcock (USA) projects.
• KOSPO (한국남부발전)coreStrategic or Co-development Partner · 1 January 2012Registered vendor for Korea Southern Power Company power plant projects.

Scale indicators3 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Japan Steel Works: Japan's premier heavy forger producing large steel forgings and castings for energy, shipbuilding, and industrial markets. Comparable to JU CHAN in producing large-scale forged components for pressure vessels, marine propulsion, and energy infrastructure, though at significantly larger scale.
• Bonney Forge: Manufacturer of forged steel fittings, flanges, and valves for oil & gas, petrochemical, and power generation markets. Directly comparable to JU CHAN's flange product line, with similar customer base (refineries, EPCs) and certification profile (ASME/API).
• Ellwood Group: US-based heavy forging specialist serving oil & gas, defense, power generation, and industrial markets. Direct comparable in producing large forged components (flanges, shafts, rings) for the same end customers as JU CHAN, with similar vendor-qualification-driven sales model.
• Scot Forge: US open-die forging specialist producing custom forged components for energy, marine, defense, and industrial markets. Directly comparable to JU CHAN in heavy forging capabilities and serving similar EPC and end-user customers with project-based custom orders.
• Pacific Forge: US-based custom open-die forging manufacturer producing large forged components for oil & gas, power generation, and heavy industry. Comparable to JU CHAN in heavy-forging capabilities, material certifications, and customer base among EPC contractors and energy end-users.
• GFM Steel (Steger Industries): US open-die forging shop specializing in large custom forgings for power generation, oil & gas, and shipbuilding. Directly comparable to JU CHAN in producing heavy forged shafts, rings, and custom components meeting ASME and customer-specific material specifications.

Broad incumbents

• Kobe Steel: Diversified Japanese steelmaker with major forging operations serving automotive, energy, and shipbuilding markets. Comparable to JU CHAN in forged flange and pressure vessel component manufacturing, but operating across a much broader materials portfolio.
• Bharat Forge: India's largest forging company producing components for automotive, oil & gas, power, and rail. Comparable to JU CHAN in producing heavy industrial forgings and pressure-rated components for global energy and EPC customers, at larger scale.
• Sumitomo Heavy Industries: Japanese diversified industrial manufacturer with significant forging capabilities serving energy, shipbuilding, and industrial machinery markets. Comparable to JU CHAN in heavy forging for marine and pressure vessel applications, though operating across a much broader industrial portfolio.

Regional players

• Sungjin Forging Tech: Korean forging specialist producing flanges, fittings, and custom forgings for oil & gas, shipbuilding, and power generation. Comparable to JU CHAN as a Korean domestic competitor serving similar EPC and energy customers in the same geographic market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about JU CHAN CORPORATION