LS Mtron Aims to Achieve in Global Revenue with Stable Growth,

Pursues Active Market Expansion in 2025 with Eco-Friendly and Smart Injection Molding Solutions!

“I feel a great sense of responsibility in taking on this important role amid challenging domestic and international political and economic conditions,” said Hyun Jae-nam, Head of the Injection System Division, upon his appointment. He added, “While the Injection System Division has steadily grown through consistent investments both domestically and internationally, it is now time to pursue not only quantitative growth but also qualitative development.”

He further explained, “To this end, I plan to leverage the revitalization of Top Sales to expand domestic market share and establish LS Mtron's status both at home and abroad.”

Recently, we had the opportunity to meet with Hyun Jae-nam to discuss LS Mtron’s plans for 2025.

<Hyun Jae-nam, LS Mtron Co., Ltd. Head of Injection System Business Division>

Q: Congratulations on your appointment as Head of the Injection System Division. Could you share your thoughts and any requests you might have?

A: Thank you. Taking on this critical role amid challenging domestic and global political and economic circumstances makes me feel a profound sense of duty.

Over the years, the Injection System Division at LS Mtron has steadily grown through investments both domestically and abroad. Now, I believe it is time to focus not just on quantitative growth but also on achieving qualitative development. To this end, I plan to pursue two major objectives. First, to boost top sales to expand domestic and international market shares, we aim to accelerate business activities in North America, targeting KRW 300 billion in global revenue.

By fully utilizing the expertise of our newly recruited specialist group this year, we will propose innovative business models that deliver valuable solutions to our customers.

Second, to enhance our company’s global and domestic reputation, we will continue responding swiftly to customer needs and positioning LS Mtron as a world-leading injection molding machine company. At the NPE 2024 exhibition last year, we successfully demonstrated LS Mtron's technological strengths and customer solutions to global clients and competitors. To ensure LS Mtron’s continued growth, all employees are working together to give their best efforts. I ask for your ongoing interest and support in this endeavor.

Q: Could you provide specific details about LS Mtron's main injection molding machine models and the models with high sales?

A: LS Mtron has been continuously strengthening its lineup of high-performance products and customized solutions to meet the diverse needs of customers.

- Standard Products:

The WIZ-E Plus series is widely recognized for its exceptional precision and energy efficiency in the electric injection molding machine field, earning high trust from electronics and medical device manufacturers. Meanwhile, the WIZ-Plus 2 series, specialized for medium-to-large products, is a hydraulic model targeting the automotive and large appliance markets, consistently delivering strong results in global markets.

<WIZ-E Plus>

- Customer-Based Solutions

LS Mtron collaborates with customer engineering teams from the product planning stage to deliver optimized injection processes and machines. This collaboration has enabled customers to achieve at least double the productivity. Going forward, we will continue focusing on expanding customized injection molding machines and systems.

Additionally, LS Mtron is driving sales of smart factory-type products with integrated digital solutions for production processes and factory management.

Q: Which industries is LS Mtron currently targeting domestically and internationally, and why?

A: LS Mtron is enhancing its competitiveness in the global market by focusing on large hydraulic product lines in industries such as electric vehicles (EVs), automotive parts, and packaging.

In the automotive industry, our eco-friendly electric product lines provide both precision and production efficiency.

Meanwhile, our large hydraulic product lines are leveraging differentiated technological capabilities to expand market share in highly competitive markets against leading global competitors.

To address customer Pain Points, we have established expert groups specializing in molds, resins, factory automation, and operations. By activating customized proposal-driven sales, we are proactively meeting customer demands and strengthening our position in the market.

Q. What is the current state of the injection molding industry, and what are LS Mtron’s strategies for remaining competitive amid intense competition?

A: The global injection molding market is characterized by intense competition, with technological innovation and eco-friendly requirements becoming increasingly important.

In response to these changes, LS Mtron is strengthening its competitiveness by focusing on smart factory digital solutions and high-performance electric injection molding machines. Through predictive maintenance, preventive inspections, and the supply of unmanned facilities, we aim to improve operational efficiency and productivity for our customers.

We are also making proactive investments to expand our electric product lines in the Chinese domestic market and to enhance brand recognition in North America, aiming for a 20% market share in the U.S. and Mexico. Expansion investments in our Mexico operations and a localized management system enable us to meet customer needs more effectively.

<Texas Tech Center>

Q. Could you explain a bit more about your plans for participating in exhibitions and expanding sales in 2025?

A. The year 2025 will be a pivotal year for LS Mtron.

We plan to showcase our latest products and technologies at major international exhibitions, such as PLASTEC West 2025, held in Anaheim, USA. This exhibition is recognized as one of the most important events in the North American plastics industry and will be a valuable opportunity to demonstrate LS Mtron’s technological strengths.

We will also participate in PLASTIMAGEN México 2025, a leading plastics exhibition in Latin America held in Mexico City, to further strengthen our presence in the Latin American market. In North America, we are expanding our investments to penetrate the market further. Building on the North America Tech Center established in Texas in 2024, we are enhancing local customer support.

In 2025, we plan to establish a new Tech Center in Monterrey, Mexico, to further activate technical services and increase sales activities across North America. On the research and development front, we are committed to continuously developing smart factory solutions that align with customer needs.

We are also enhancing global competitiveness in electric injection molding machines and large hydraulic product lines. By leveraging our Jinju factory to improve production efficiency and delivery responsiveness, we aim to meet diverse customer demands both domestically and internationally. LS Mtron will continue to lead the global market through customer-centered innovation and sustainable growth.

Q: Despite economic uncertainties of the present moment, how do you envision the future development of injection molding machines, and what roles should they play in future industries?

A: The future of injection molding machines can be summarized in four key directions:

1. Energy-Saving Machines: Developing plasticizing technologies suitable for foaming molding and metal replacement composite materials in response to increasing energy efficiency demands.

2. Eco-Friendly Materials: Creating technologies that efficiently process environmentally friendly materials such as PCR and PLA.

3. Smart Mechanization: Advancing AI-based process control and smart injection molding to enhance productivity and quality.

4. Process Innovation: Innovating through multi-color injection molding to shorten production cycles and maximize productivity.

Q: Thank you for your time.

A: LS Mtron is a company that builds the future together with our customers. We kindly ask for your continued interest and support.

<NPE2024>

By taking an eco-friendly approach to plastics, LS Mtron is pioneering a new horizon in the injection molding industry with its proprietary eco-friendly technologies, such as multi-color and foaming processes, as well as AI technology that aligns with digital transformation, achieving an unparalleled level of technical superiority.

In particular, following Atlanta and Chicago, the company established a new Tech Center in Palestine, Texas, in March 2024 as a strategic foothold for targeting the rapidly growing North American injection molding machine market. Additionally, LS Mtron plans to establish a Tech Center in Monterrey, Mexico, to continue investing in customer support and growth.

With proactive technological development and investments, LS Mtron is aiming for significant advancements not only in North America but also worldwide, positioning itself at a critical growth juncture in 2025 that is garnering much anticipation.

■ Inquiry: LS Mtron's Molding Machine Division’s Website: www.lsinjection.com