What AVACO does

AVACO (아바코) is a South Korean capital equipment manufacturer founded around 2000 and headquartered in Daegu, listed on the KOSDAQ market. The company designs and builds vacuum deposition and sputtering systems, OLED manufacturing equipment, automated material handling systems, and roll-to-roll converting machines for display, semiconductor, solar, and battery manufacturers. Its core product portfolio — the SuVas family of sputter systems (vertical cluster, horizontal in-line, roll-to-roll), OLED encapsulation and transfer systems, CIGS solar cell production lines (ALD, furnace, in-line sputter), AMHS (overhead conveyor, transport arm, stocker, crane), and converting machines — reflects an equipment heritage rooted in flat panel display manufacturing.

The company's revenue model is direct B2B sales of custom-configured capital equipment to enterprise manufacturers, augmented by after-sales service and spare parts. It serves five primary customer segments: display panel manufacturers (LCD/OLED), semiconductor manufacturers (HBM, advanced packaging, glass substrates), secondary battery manufacturers, solar cell manufacturers, and PCB/MLCC manufacturers. Pricing is quote-based and not publicly disclosed. Distribution is direct for the core product lines, with a single channel partnership — an exclusive Korea-wide distribution and service agreement for Velo3D Sapphire 3D metal printers, established in July 2020 with a demo center at the Daegu headquarters.

Over the past five years, AVACO has executed a deliberate diversification strategy beyond its display equipment base. Key pivots include the 2020 establishment of a Converting Machine business division (roll-to-roll secondary battery equipment), the 2020 Velo3D partnership, the formal 2024 public debut of WLP sputter equipment at Semicon Korea, and the 2025 launch of TGV (Through Glass Via) laser and PlasmaLine systems targeting next-generation semiconductor glass substrates. The company has received multiple government recognitions, including the 2021 Industrial Technology of the Month Award for 8th-generation half-area OMO sputter development and the 2022 Display Day Special Contribution Award. As of late 2025, AVACO is expanding its semiconductor R&D and production facilities and has secured a customer mass-production evaluation contract for advanced semiconductor AVP sputtering equipment.

Name

AVACO

Legal name

주식회사 아바코 (주)아바코

Website

https://avaco.co.kr

Company type

Public

Founded year

2000

Operating status

Operating

Headcount range

251–500 employees

Short description

AVACO is a South Korean KOSDAQ-listed capital equipment manufacturer specializing in vacuum deposition and sputtering systems, OLED tools, and material handling for display, semiconductor, solar, and battery manufacturers, with growing focus on advanced packaging and glass substrate equipment.

Ownership category

akta.pro rank

Headquarters

HQ city

Daegu

HQ country

South Korea

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Equipment Manufacturing and Sales: AVACO designs, manufactures, and sells capital equipment for flat panel display (LCD/OLED), semiconductor, solar cell, and secondary battery manufacturing. Revenue is generated through one-time equipment sales to manufacturers, with potential for after-sales service, spare parts, and upgrades.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

AVACO designs, manufactures, and sells capital equipment used by display, semiconductor, secondary battery, and solar cell manufacturers. Core offerings include vacuum sputtering systems, OLED deposition and encapsulation systems, automated material handling systems (AMHS), TGV laser systems for glass substrate semiconductor packaging, and roll-to-roll converting machines.

Product overview

AVACO is a manufacturing equipment company offering a comprehensive portfolio of production systems for display, solar, semiconductor, and advanced materials processing. The core product lines include Sputtering Systems (vertical static/dynamic, horizontal in-line, cluster, and roll-to-roll configurations) for thin-film deposition; OLED Systems encompassing vacuum transfer, encapsulation, P-aging, and smart tray equipment for organic light-emitting diode panel production; Solar equipment for CIGS thin-film photovoltaic manufacturing including ALD, furnace, and various sputtering systems; Module Systems for display assembly including polarizer attachment, bending, and scribe-break equipment; AMHS (Automated Material Handling Systems) for cleanroom material transport; Converting Machines for roll-to-roll film processing; AS/RS for automated storage and retrieval; 3D Printing systems through Velo3D partnership; and the newer TGV Systems for next-generation semiconductor glass substrate packaging. The company positions itself as 'Advanced Vacuum & Clean equipment Optimizer' serving display manufacturers, solar cell producers, battery makers, and increasingly semiconductor packaging applications.

Differentiator

Problem solved

Functional benefit

Products and services

• Sputtering System Vacuum deposition equipment for applying thin films of metal or oxide materials onto substrates through sputtering. Includes vertical static, vertical dynamic, horizontal in-line, vertical cluster, and roll-to-roll configurations for display, solar, and semiconductor manufacturers.
• OLED System Manufacturing equipment for OLED panel production including vacuum transfer, encapsulation, P-aging, smart tray, and thin-film encapsulation in-line systems for OLED manufacturers.
• Solar Equipment Thin-film solar cell manufacturing equipment including ALD systems for buffer layers, furnace systems, horizontal/vertical in-line sputtering systems, and cluster systems for CIGS photovoltaic panel manufacturers.
• Module System Display module processing equipment including inline scribe-break systems, polarizer attachers, back-film attachers, and bending machines for LCD and OLED module assembly.
• AMHS (Automated Material Handling System) Automated material transport equipment for display manufacturing including stockers, overhead conveyor vehicles, overhead transport arms, and ceiling-mounted cranes for glass and panel handling.
• Converting Machine Roll-to-roll processing equipment for film materials including coating machines, laminating machines, slitter-rewinders, and stretching machines for display, battery, PCB, and MLCC applications.
• AS/RS (Automated Storage/Retrieval System) Automated warehouse storage and retrieval equipment including stacker cranes, lifters, and conveyor systems for material handling in manufacturing and logistics facilities.
• 3D Printer (Velo3D Sapphire) Metal additive manufacturing equipment - Velo3D Sapphire 3D printer for support-free metal additive manufacturing, distributed exclusively in South Korea by AVACO with demo center at headquarters.
• TGV (Through Glass Via) System Through Glass Via processing equipment for next-generation semiconductor packaging including laser systems for glass substrate micro-hole machining using Bessel optics and PlasmaLine for sequential etching and deposition processes.

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

One partnership is on record.

• Velo3DcoreChannel Partner/ Reseller/ Distributor · 22 July 2020Velo3D signed an exclusive sales partnership with AVACO for the Korean market. AVACO serves as the exclusive distributor, service provider, and applications supplier for Velo3D's Sapphire 3D metal printer in South Korea. AVACO established a Demo Center at its Daegu headquarters, with the first Sapphire printer delivered in July 2020. Velo3D develops the world's first Support-Free metal additive manufacturing solution.

Scale indicators4 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Applied Materials: Global semiconductor and display equipment leader with overlapping sputtering, CVD, and thin-film deposition product lines. Competes with AVACO in display manufacturing equipment and represents the dominant incumbent AVACO must displace in semiconductor packaging.
• Charm Engineering: Korean display equipment manufacturer with comparable product offerings in display manufacturing automation and module assembly, serving similar LCD/OLED panel manufacturer customers.
• Sunic Systems: Korean OLED evaporation and encapsulation equipment maker with overlapping OLED deposition product portfolio directly competing with AVACO's OLED System product line for OLED panel manufacturer customers.
• SFA Engineering: Korean display and semiconductor equipment manufacturer with comparable product offerings (automated material handling, coater/developer, inspection) and shared exposure to Korean panel manufacturer customers.
• Ulvac: Japanese vacuum and sputtering equipment manufacturer directly comparable to AVACO's core vacuum deposition technology for flat panel displays, solar cells, and semiconductor packaging applications.
• Kateeva: US-based OLED deposition equipment specialist with inkjet printing systems for OLED panel production. Directly competes with AVACO's OLED encapsulation, vacuum transfer, and P-aging systems in the OLED equipment market.
• Wonik IPS: Korean semiconductor equipment manufacturer specializing in deposition and etching equipment for memory and logic fabs. Direct competitor to AVACO in advanced semiconductor packaging and thin-film deposition.
• Jusung Engineering: Korean semiconductor and display equipment manufacturer with overlapping ALD, sputtering, and thin-film deposition product lines serving similar Korean customer base (Samsung Display, LG Display, SK Hynix).
• Tokyo Electron: Major Japanese semiconductor manufacturing equipment maker with coater/developer and deposition systems comparable to AVACO's SuVas sputtering and OLED encapsulation product lines.
• Be Semiconductor Industries (BESI): Dutch semiconductor packaging equipment manufacturer specializing in die bonding, hybrid bonding, and advanced packaging — directly comparable to AVACO's TGV and WLP sputtering equipment for next-generation semiconductor packaging.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

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

M&A

Investments2 records

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

Frequently asked questions about AVACO