Shin Heung Precision Co. Ltd.

What Shin Heung Precision Co. Ltd. does

Shin Heung Precision Co., Ltd. (operating internationally as SPICO) is a Korean privately-held manufacturer of marine diesel engine components and auxiliary industrial equipment, founded in March 1988 and headquartered in Ulsan, South Korea. The company designs and manufactures air starting motors (SM07-Y, SM07-P, SM10-V, and slow turning variants), centrifugal oil cleaners (CP200, CP400, CP600, and customizable CP1200 systems), portable centrifugal cleaners (PCC series), cylinder lubricators (Atlas mechanical and Alpha/ME electronic), methanol sealing oil units, servo oil service pumps, and air bubble removers. Its core technology centers on centrifugal oil separation using rotors operating at 2,000-3,000 RPM driven by the action-reaction principle of oil pressure through twin nozzles, along with turbine-type air starting systems for medium-speed diesel engines.

The company operates a B2B direct sales model targeting marine diesel engine manufacturers and industrial facilities, with quotation-based pricing on custom-engineered components. Primary customers include Korean shipbuilders and engine manufacturers (HD Hyundai Heavy Industries, Hyundai Himsen, STX Engine, Hanwha Engine) and international OEMs (Win GD, MAN Energy Solutions, CRRC Dalian, BYD, POSCO). SPICO generates revenue through hardware sales of industrial equipment, with multi-year supply contracts implied by the engineering integration of its components into specific engine platforms. The company markets through product catalogs in Korean, English, and Chinese, YouTube product demonstrations, industry exhibitions, and direct quotation requests. It holds ISO 9001:2015 and ISO 14001:2015 certifications, MAN Energy Solutions air starting motor certification (acquired December 2020), and various Korean government designations including Inno-Biz, Venture Company, and Corporate Research Institute recognition. The company is led by President & CEO Kim Yul Tack and is founder/management owned with no external investors identified.

Name

Shin Heung Precision Co. Ltd.

Legal name

Shin Heung Precision Co., Ltd.

Website

https://atlastech.co.kr

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

51–100 employees

Short description

Shin Heung Precision Co., Ltd. (SPICO) is a Korean manufacturer of marine diesel engine components, including air starting motors, centrifugal oil cleaners, and cylinder lubricators, supplying major Korean shipbuilders and international engine OEMs.

Ownership category

akta.pro rank

Product category

Marine Engine Components and Industrial Equipment Manufacturing

NAICS

Engine, Turbine, and Power Transmission Equipment Manufacturing (33361), Pump and Compressor Manufacturing (33391)

SIC

Engines & Turbines (3510), Pumps & Pumping Equipment (3561), Wholesale-Petroleum & Petroleum Products (No Bulk Stations) (5172)

akta.pro primary industry

Marine Diesel & Dual-Fuel Engines (IMAJAHAA)

akta.pro secondary industries

Fuel & Emissions Systems for Propulsion (Fuel supply, SCR, EGR, exhaust aftertreatment) (IMAJAHAK), Lubricants, Fluids & Chemical Products Distribution (Oils, Coolants, AdBlue/DEF, Cleaners) (TLAKAOAL), Marine Lubricants Supply & Services (Cylinder/System Oils) (TLAHAKAJ)

Keywords

• Marine engine components
• Centrifugal oil cleaners
• Air starting motors
• Cylinder lubricators
• Industrial oil purification

Headquarters

HQ city

Ulsan

HQ country

South Korea

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Industrial Equipment Sales: Direct B2B sales of marine diesel engine components and auxiliary equipment including air starting motors, centrifugal oil cleaners, cylinder lubricators, and portable oil purification systems to engine manufacturers and industrial facilities.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Shin Heung Precision Co. Ltd. (SPICO) manufactures and supplies marine diesel engine components and industrial oil purification systems, including turbine-type air starting motors, centrifugal oil cleaners, cylinder lubricators, and portable centrifugal cleaners. Products are sold under the SPICO brand (with sub-brands Atlas, Alpha, ME) to Korean and international engine manufacturers and industrial facilities. The company has supplied the marine and industrial engine market for over 30 years since its founding in 1988.

Product overview

SPICO manufactures industrial engine components and oil purification systems for marine and industrial applications. The product portfolio centers on air starting motors (SM series: SM07-Y, SM07-P, SM10-V with slow turning variants) for medium-speed diesel engines and centrifugal oil cleaning systems (CP series: CP200, CP400, CP600, plus customizable CP1200) that rotate at 2,000-4,000 RPM using action-reaction principle for oil filtration. Portable Centrifugal Cleaners (PCC601P, PCC602, PCC1202) provide mobile oil purification for various industrial equipment. Supporting products include cylinder lubricators (Atlas mechanical and Alpha/ME electronic types) for low-speed diesel engines, methanol sealing oil units, servo oil service pumps, and air bubble removers. The company supplies Korean engine manufacturers including HD Hyundai Heavy Industries, STX Engine, and Hanwha Engine, as well as international clients like Win GD, CRRC Dalian, and BYD.

Differentiator

Problem solved

Functional benefit

Brands

• Atlas: Mechanical lubricators brand for MAN low-speed diesel engines
• Alpha
• ME

Products and services

• SM07-Y Air Starting Motor Turbine-type air starting motor providing engine cranking power through compressed air. Maximum output 25.99 kW, maximum torque 401 Nm, maximum working pressure 8 bar. Designed for medium-speed diesel engines, oil and gas, mining, and heavy haul trucks.
• SM07-P Air Starting Motor Turbine-type air starting motor with maximum output 26.81 kW, maximum torque 302 Nm, maximum working pressure 8 bar. Compatible with MAN Holeby L21/31 engines.
• SM10-V Air Starting Motor High-capacity turbine air starting motor with 42.6 kW maximum output and 492.5 Nm maximum torque at 10 bar working pressure. Suitable for engines with 80-150 liter displacement and 1200-2500 kW power range.
• SM07-Slow Turning Air Starting Motor Slow turning starting motor that supplies low-pressure compressed air to run engines at low RPM before high-pressure start, removing fluid from combustion chamber to prevent engine damage. Maximum output 18.26 kW, torque 293.7 Nm.
• SM10-Slow Turning Air Starting Motor Large-capacity slow turning motor with 36.28 kW maximum output and 428.3 Nm torque. Prevents damage to engine parts from remaining fluids during engine start for Hyundai Himsen H22CDF engines.
• CP200 Centrifugal Oil Cleaner High-performance oil filtration unit using action-reaction principle from oil pressure in two nozzles, rotating at 4,000 RPM. Flow rate 960 L/hour, suitable for tanks 1000-3000L. Available in Flange Mount (Bolt Type) and Base Mount (Tap Type).
• CP400 Centrifugal Oil Cleaner Mid-capacity centrifugal oil cleaner with 2,700 L/hour flow rate at 3,800 RPM. Tank capacity 3000-5000L, rotor capacity 4.5L. Promotes oil purity, extends engine life, reduces wear and maintenance costs.
• CP600 Centrifugal Oil Cleaner High-capacity centrifugal oil cleaner with 3,900 L/hour flow rate at 3,600 RPM. Tank capacity 5000L+, rotor capacity 6.8L, sludge capacity 6.3L. Available in Flange Mount and Base Mount configurations.
• CP1200 Customizable Centrifugal Oil Cleaner System Customizable system with two centrifugal oil cleaners installed on top of an oil tank. Designed to collect large volumes of sludge from machining centers, improving product quality and reducing maintenance costs. Flow rate 8,000 L/hr.
• PCC601P Portable Centrifugal Cleaner Compact portable oil purification unit with AC motor 4P 1.5kW, flow rate 3,900 L/hr. Designed for moving between equipment to purify industrial oils. Minimum pressure 1.0 bar, max temperature 130°C.
• PCC602 Portable Centrifugal Cleaner Mid-size portable centrifugal cleaner with dual AC motors (inlet 6P 2.2kW, outlet 4P 2.2kW). Flow rate 3,900 L/hr with inlet pump 75 L/min and outlet pump 90 L/min at 0.7 MPa.
• PCC1202 Portable Centrifugal Cleaner High-capacity portable centrifugal cleaner with dual 3.7kW motors, 8,000 L/hr flow rate. Features paper filter (4-20μm) or hybrid filter (1-20μm) particle size options. Max pressure 6.0 bar, oil max temp ~130°C.
• Cylinder Lubricator (Atlas / Alpha / ME) Special pump with plunger and barrel for supplying lubricating oil to cylinder liners. Atlas mechanical lubricators for MAN low-speed diesel engines (K90MC, K98MC-C, S46MC-C, L/S 50MC, S60MC-C, S35MC), Alpha/ME electronic lubricators for Win GD engines (MARK-ε, MARK-1). Booster pump optional.
• Methanol Sealing Oil Unit Sealing system that blocks methanol from leaking into air within fuel injection systems of methanol engines. Eco-friendly and dual fuel compatible. Localizes methanol systems by replacing imports and reduces manufacturing costs.
• Servo Oil Service Pump Maintains and adjusts fluid setting pressure at 100 bar and supplies appropriate flow rate. Used for pre-lubrication of cylinder lubricating pump and to open/close exhaust valve before normal engine operation or during maintenance. External gear pump design compatible with many devices.
• Air Bubble Remover (Cyclone Filter) Cyclone filter that removes air bubbles occurring in oil to increase mechanical equipment performance and filtration rates. Designed for dual fuel engines, improves filtration efficiency and mechanical equipment performance.

Quantifiable outcome

• Extended life and service cycle of engine and equipment through oil purification
• +3 more outcomes

Named customers9 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Ten partnerships are on record, tiered core and major.

• Hyundai Himsen EnginescoreTechnology or IntegrationLong-term supply partnership for air starting motors and slow turning motors for Hyundai Himsen medium-speed diesel engines including H17/28, H21/32, H25/33, and H22CDF models.
• MAN Holeby EnginescoreTechnology or IntegrationPartnership supplying air starting motors for MAN Holeby engines including L21/31 and L23/30 models. Products include SM07-P and SM10-V models.
• MAN Energy SolutionscoreTechnology or IntegrationProducts include Atlas mechanical lubricators and Alpha electronic lubricators for MAN low-speed diesel engines. Acquired MAN certification for air starting motors in December 2020.
• Win GDcoreTechnology or IntegrationSupply of Win GD electronic lubricators, Win GD servo oil service pumps, and lubricators for Win GD low-speed diesel engines (MARK-ε, MARK-1 models).
• HD Hyundai Heavy IndustriescoreStrategic or Co-development PartnerMajor Korean shipbuilding conglomerate and long-term customer for marine diesel engine components including air starting motors and centrifugal oil cleaners.
• HD Hyundai Marine SolutioncoreChannel Partner/ Reseller/ DistributorMarine solution company and customer for marine engine components and auxiliary equipment.
• STX EnginecoreStrategic or Co-development PartnerKorean marine engine manufacturer receiving supply of engine components and auxiliary equipment for medium-speed diesel engines.
• Hanwha EnginecoreStrategic or Co-development PartnerKorean engine manufacturer as customer for diesel engine parts and auxiliary equipment.
• POSCOmajorStrategic or Co-development PartnerMajor Korean steel manufacturer and customer for industrial equipment and components.
• CRRC DalianmajorStrategic or Co-development PartnerChinese railway equipment manufacturer and overseas customer for engine components.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Alfa Laval: Global marine separation, filtration, and oil purification equipment maker. Directly comparable because Alfa Laval's marine separators and oil purification systems overlap with SPICO's CP-series centrifugal oil cleaners and portable PCC units sold to shipowners and engine builders.
• GEA Group: Industrial separation and centrifugation technology provider. Comparable to SPICO's centrifugal oil cleaning and oil-water separation systems used in marine and industrial oil purification applications.
• Hyundai Heavy Industries (HD Hyundai): Largest Korean shipbuilder and engine manufacturer (HD Hyundai Heavy Industries, Hyundai Himsen). Comparable because SPICO is a long-term supplier of air starting motors, centrifugal oil cleaners, and slow turning motors for Hyundai medium-speed engines (H17/28, H21/32, H25/33, H22CDF).
• Win GD: Marine low-speed engine joint venture between CSSC and Wärtsilä. Comparable because SPICO supplies Win GD electronic lubricators and servo oil service pumps for the MARK-ε and MARK-1 engine platforms.
• Wärtsilä: Major marine engine manufacturer and lifecycle services provider. Comparable because Wärtsilä produces medium-speed marine engines and operates a global service/aftermarket network that overlaps with SPICO's components, lubrication systems, and oil cleaning customers.
• MAN Energy Solutions: Global leader in low-speed and medium-speed marine diesel engines. Comparable because MAN both licenses/components from SPICO (Atlas/Alpha lubricators, MAN-certified air starting motors) and competes in the broader marine propulsion ecosystem.
• Ingersoll Rand: Global industrial air solutions and compressor/motor manufacturer. Comparable because Ingersoll Rand supplies turbine air starters for industrial and marine engines, overlapping with SPICO's SM07 and SM10 air starting motor product lines.
• Mitsubishi Heavy Industries Marine Machinery: Japanese marine engine and propulsion equipment manufacturer. Comparable as a competitor in marine engine components, including cylinder lubrication systems and auxiliary equipment for low-speed and medium-speed marine engines.

Others

• SKF (Lubrication Systems): Industrial lubrication systems and condition monitoring provider. Comparable as an adjacent supplier of lubrication, oil circulation, and fluid management systems used in marine and heavy industrial applications.
• Bosch Rexroth: Industrial hydraulics, pumps, and motion control supplier. Comparable as an adjacent supplier of industrial pumps and fluid power systems used in marine engine lubrication and oil service applications.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCuWdhi57sTjiGrKXXGU0gVg
• LinkedInlinkedin.com/company/shin-heung-precision-co-ltd

Compliance15 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 Shin Heung Precision Co. Ltd.