Techcross received a 100 Million Dollar Export Tower and Gold Tower Orders of Industrial Service Merit during the ceremony for the Fifty-Seventh Trade Day.
The event, sponsored by the Korean Ministry of Trade, Industry, and Energy and hosted by the Korea International Trade Association, was held in Coex in Seoul, Korea, on December 8. A total of 1,505 companies received Export Towers recognizing their export performance. In addition, 599 individuals were honored with government citations and awards, in including five who received the Gold Tower Orders of Industrial Service Merit. Techcross received two orders of merit on the day for its export performance, overseas market development, trade growth, and contributions to the national economy.
The ballast water management system provided by Techcross is a series of environmental devices that all marine vessels across the world are required to equip as per an International Maritime Organization regulation for the protection of marine environment. Techcross leads the world ballast water management system market using proprietary technology developed in Korea, which is a rare thing in the Korean shipbuilding industry. The company has deep ties to the international trade, as ninety percent of its revenue is generated outside of Korea. Following this trend, Techcross is engaged in a company-wide effort to expand its global service network to enhance its response to customer requirements. As a result of this endeavor, the company has established five overseas offices, as well as partnerships with forty companies in twenty-five countries.
Lee Dong-kurn, the CEO of Techcross who received the Gold Tower Orders of Industrial Service Merit, increased the company’s revenue fifteen times in a decade, from 10 million dollars in 2010 when he acquired the company to 165 million dollars in 2019. Moreover, the company is expected to make 220 million dollars in revenue despite the unexpected global Covid-19 pandemic; the authorities evaluated Techcross’s powerful performance highly in deciding to award the company with honors.
Mr. Lee, who received the awards on behalf of his company thanked his employees and executives for achieving amazing results during these difficult times. He also said that Techcross will aggressively invest in new business areas that will create a sustainable environment for the future, becoming a global leader in the environmental industry.
Meanwhile, Techcross is growing and expanding its presence into the marine environment industry, ground water treatment industry, energy, and reuse industry by acquiring Techcross Water & Energy and Techcross Environmental Services from LG Electronics in 2019.