KHPT

What KHPT does

KHPT (KH Petrotec) is a South Korea-based industrial fabrication and plant services company founded in 2003 and headquartered in Changwon. The company specializes in plant revamping, chemical and power plant equipment fabrication, tank fabrication, and full-scope plant construction, executing large modularized projects - including 8,372-ton gas duct and 4,840-ton tank scopes - from its port-adjacent Yulchon Plant. Its work is anchored by an unusually deep set of regulated-industry certifications (ASME U/U2/S/PP/A and R stamps, KEPIC, ISO 9001/14001/45001/37001, ISO EN 3834-2) that qualify it for pressure-vessel, nuclear-adjacent, and safety-critical tenders.

The company's customer base is concentrated in petrochemical, refining, and power generation, with repeated engagements from major Korean operators (Hanwha, YNCC, S-OIL, KEPCO KPS) and international NOCs and refiners (Reliance, Sonatrach, ADNOC). KHPT has extended execution beyond Korea into Algeria, India, Saudi Arabia, and Vietnam, and has entered adjacent verticals including nuclear power (via KEPIC) and mining/metals (Ambatovy nickel). With 11-50 employees and no disclosed funding or M&A history, KHPT operates as a privately held, owner-managed specialist fabricator whose revenue is project-driven and dependent on a small set of large enterprise contracts awarded on a tender basis.

Name

KHPT

Legal name

KHPT Co., Ltd. (케이에이치피티 주식회사)

Website

https://khpetro.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

11–50 employees

Short description

KHPT (KH Petrotec) is a Changwon, South Korea-based industrial fabricator founded in 2003 that designs and builds plant equipment, tanks, and revamp scopes for petrochemical, refining, power, nuclear, and mining clients in Korea and overseas, with heavy certifications including ASME, KEPIC, and ISO.

Ownership category

akta.pro rank

Product category

Industrial Equipment Fabrication

NAICS

Power Boiler and Heat Exchanger Manufacturing (332410), Petrochemical Manufacturing (325110)

SIC

Special Industry Machinery (No Metalworking Machinery) (3550), Industrial Process Furnaces & Ovens (3567), Oil & Gas Field Machinery & Equipment (3533)

akta.pro primary industry

Chemical & Petrochemical Plant Construction (IMAFADAA)

akta.pro secondary industries

Industrial Furnaces, Kilns & Thermal Processing Equipment (IMAHAEAE), Refinery & Petrochemical O&M / Maintenance Outsourcing (EUAEAGAG), Nuclear Plant EPC & Construction (EUAEAAAC)

Keywords

• Industrial plant fabrication
• Petrochemical equipment manufacturing
• Pressure vessel fabrication
• Power plant construction
• Tank fabrication services

Headquarters

HQ city

Changwon

HQ country

South Korea

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Equipment Manufacturing & Fabrication: One-time project-based manufacturing of chemical equipment (pressure vessels, fired heaters, heat exchangers, tanks, spherical tanks) for petrochemical and power plant operators. Revenue is earned through design, fabrication, and delivery of custom-built industrial equipment. Products are manufactured at Yulchon and Yeosu factories and shipped to installation sites.
2. Plant Construction Services: Construction and installation services for chemical plants, power plants, and steel plant facilities. Includes piping, duct, structure installation and full plant construction projects.
3. Revamping & Modification Services: Facility improvement and capacity enhancement services for existing refining and petrochemical plants. Includes modification, replacement, demolition, and erection of plant components.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

KHPT designs, fabricates, and constructs custom large-scale industrial equipment for petrochemical, refining, and power generation plants. Core activities include revamping and modification works on existing FCCU, RFCCU, VDU, CDU, and NCC units; manufacturing of pressure vessels, fired heaters, cracking furnaces, heat exchangers, steam drums, and deaerators up to ~1,000 tons per unit; production of storage tanks and spherical tanks; and full plant construction services for chemical, power, and iron/steel industries. The company operates two factories (Yulchon and Yeosu) in South Korea and executes projects for domestic and international enterprise clients across 20+ countries.

Product overview

KHPT operates as an integrated industrial engineering and manufacturing company offering four interconnected service lines: Revamping Works for facility modification and capacity enhancement of existing petrochemical and power plant equipment; Chemical & Power Plant Equipment Fabrication for manufacturing large-scale pressure vessels, fired heaters, heat exchangers, and other process equipment; Tank Fabrication & Works for storage and spherical tanks used in process plants; and Plant Construction for complete plant installation projects. The company provides full-scope services from engineering and design through procurement, fabrication, construction, and commissioning support.

Differentiator

Problem solved

Functional benefit

Products and services

• Revamping Works Facility modification and capacity upgrade services for existing petrochemical and power plant equipment, including reactors, regenerators, and cracking furnaces, to increase capacity and enhance performance during plant turnarounds.
• Chemical & Power Plant Equipment Fabrication Manufacturing of large-scale chemical and power plant equipment, including pressure vessels, fired heaters, cracking furnaces, heat exchangers, steam drums, and deaerators up to 12,000Dia x 100,000LG and approximately 1,000 tons per unit for petrochemical and power generation operators.
• Tank Fabrication & Works Engineering, design, procurement, manufacturing, construction, and commissioning support for storage tanks (CRT, DRT, EFRT) and spherical tanks for chemical and power plants, including high-specification spherical tanks with thick shells up to 97mm.
• Plant Construction Complete plant construction services for chemical, power, and iron/steel industries, including installation of equipment, piping, steel structures, gas ducts, and belt conveyors.

Quantifiable outcome

• Successfully revamped FCCU units increasing capacity from 130 KBPSD to 200 KBPSD at Reliance Jamnagar Refinery
• +3 more outcomes

Named customers18 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Scale indicators4 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• CMI Energy: Belgian-based specialist fabricator of heat exchangers, pressure vessels, boilers, and process equipment for petrochemical, refining, and power industries. Closest comparable to KHPT in product scope, customer base, and project-based fabrication model, though larger in scale.
• Isgec Heavy Engineering: Indian manufacturer of process equipment including pressure vessels, heat exchangers, reactors, and columns for petrochemical, refining, and power industries. Closely comparable mid-sized industrial fabricator with similar customer verticals and project-based model.
• Thermax Limited: Indian industrial equipment manufacturer specializing in boilers, heat exchangers, and process equipment for chemical, petrochemical, and power industries. Comparable in product mix, customer verticals, and emerging-market orientation.
• Hamon Group: Belgian-based specialist in cooling towers, heat exchangers, and air-cooled condensers serving power generation and petrochemical industries. Comparable mid-sized specialist fabricator with similar project-based delivery model.

Broad incumbents

• Doosan Enerbility: Major Korean industrial conglomerate with extensive boiler, heat exchanger, and power plant equipment manufacturing operations. Comparable in product categories (pressure vessels, heat exchangers, power equipment) but far larger and more diversified across power generation, desalination, and turbines.
• Babcock Power (Babcock & Wilcox): North American specialist in power generation equipment including heat exchangers, boilers, and pressure vessel fabrication with significant nuclear capability. Comparable in industrial fabrication scope but operates at much larger scale with broader product portfolio.
• Alfa Laval: Global leader in heat transfer, separation, and fluid handling equipment serving petrochemical, refining, and power industries. Comparable in heat exchanger and process equipment offerings but operates at massive scale with far broader product portfolio.
• SPX Technologies (Heat Transfer / Cooling): Global industrial equipment manufacturer with significant heat exchanger and process cooling operations serving petrochemical and power customers. Comparable in thermal process equipment offerings but at much larger corporate scale.

Others

• Hyundai Steel: Major Korean steel manufacturer that is both a KHPT customer (Tangjin plant work) and a potential competitor in heavy fabrication. Included as a customer/adjacent player that captures KHPT's Korean industrial customer base.

Regional players

• Samson Controls (or similar): International industrial process equipment supplier with significant Korean and Asian market presence. Comparable as a regional player serving overlapping petrochemical and power customers in Asia.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Compliance12 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 KHPT