WONKANG Establishes a Stable Production System Amid a Sharp Rise in Tungsten Prices Through Global Supply Chain Competitiveness

pobina1113
Jan 26
2 min read

Despite China’s export restrictions and soaring raw material prices, the company secures production stability through a direct-trade-based supply chain.

WONKANG Co., Ltd. (CEO Tae-Young Kang) has successfully established a stable production system despite the recent sharp rise in tungsten carbide and silver prices and strengthened export controls on strategic minerals by China. Even as cost pressures and supply uncertainties intensify across the consumable manufacturing industry for basic, mining, and tunnel excavation tools such as Pick Cutters and BC Teeth, WONKANG has maintained consistent and dependable operations by leveraging its robust global supply chain network.

With increased export restrictions from China tightening domestic raw material supply, WONKANG has minimized procurement risk by relying on a diversified global partner network built over many years, rather than depending on a single country or single supply route. This resilient structure has enabled the company to continue stable production and timely delivery of products despite market volatility.

In particular, WONKANG has established direct trading relationships with major tungsten raw material producers in China, significantly reducing traditional distribution steps. Through this direct procurement of tungsten powder locally, the company has strengthened both cost competitiveness and supply stability for immediate use in production.

Despite unavoidable price increases in raw materials on the global market, proactive acquisition strategies and meticulous supply chain management have allowed WONKANG to sustain operational stability. Leveraging this competitive edge, the company continues to reliably supply core parts—including Pick Cutters and BC Teeth—to construction, mining, and basic excavation sites at home and abroad, further expanding customer trust.

A company spokesperson stated, “As uncertainty in the global raw material market grows, a manufacturer’s ability to manage its supply chain becomes its competitive advantage. We will continue to advance our direct-trade procurement model and global network to ensure customers can rely on a stable supply of high-quality products.”

WONKANG’s Total Foundation R&D Center in Magok, Gangseo-gu, Seoul, provides top-tier quality through dedicated research and development. As a member of the Korea Institute of Civil Engineering and Building Technology’s demand & family company program, the company holds six patents, two domestic trademarks, and five international trademarks, and maintains quality systems that meet global standards with ISO 9001, 14001, 45001, and CE certifications.

Additionally, WONKANG actively participates in major international construction equipment exhibitions such as BAUMA and CONEXPO. Building on recognition as an Excellent Venture Company by the Venture Business Association and as a member of the Busan Bright Club, the company received the $2 million Export Tower in 2023 and the $3 million Export Tower in 2024.

Through collaboration with affiliated partners including WonKang Carbide and Yujin Direction Development Industry Co., Ltd., WONKANG continues to provide excellent service and aims to further enhance global competitiveness through ongoing technology development and innovation.

Contact: WONKANG Co., Ltd. CEO Tae-Young Kang Phone: +82-2-6941-1050 Email: sales@roadbit.com

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