Hankuk Carbon (KRX:017960) secured a supply contract for ultra-low temperature insulation materials for liquefied natural gas (LNG) carrier tanks from HD Hyundai Heavy Industries (KRX:329180), according to a Thursday filing with the Korea Exchange.
The contract, valued at 185 billion won, is valid until March 31, 2029, the filing said.
Shares of Hankuk Carbon rose more than 3% in recent trade, while HD Hyundai Heavy Industries added about 2%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.