South Korea needs aggregates. Its population has doubled since 1960 and is now 51 million people; over 81% of them are living in an urban environment. With the many major infrastructure projects, like high-speed trains, subways, bridges, residential buildings, airport and harbor expansions, there is a steady high demand for aggregates. The ban on using river and sea sand has rapidly increased the demand for high-quality manufactured sand and thus for Metso, which is considered the market’s preferred supplier for premium manufactured sand production equipment. We talked with HAEIN Corporation’s Chairman, Mr. K.H. Won, and Managing Director, Mr. S.W. Choi, to find out the specifics of the market.
Q1: Mr. Won, can you describe to us your company and why the Metso dealership is important to you?
HAEIN was established in 1960, about ten years after the Korean War ended. At that time, Korea was a very poor country. In the late 1960s the government started to contract out the 400-km highway from Seoul to Busan – and that’s when HAEIN truly started its operation. Prior to that, we had become the Caterpillar representative in Korea. Since then, the company has grown fast. Today, we have some 3,000 active customers corresponding to about 25% of all Korea’s mining and aggregate customers.
Our journey with Metso started in 2012. We wanted the Metso dealership, as Metso’s offering is very complementary to our scope. Thanks to the excellent cooperation and the full scope of trusted Metso solutions, our joint business volume has skyrocketed in six years.