Business · Markets · 1 hr ago
Almec shares rise as it discusses aerospace supply work in North America
Almec is a South Korean maker of aluminum parts, including cases for electric-vehicle battery modules.
It is expanding into aerospace and is discussing an initial supply order worth about 40 billion won with a North American aerospace company.
The discussions are not described as a completed contract.
Almec is also acquiring a factory in Alabama to establish a base in North America.
The company’s aerospace plans and North American presence have drawn attention as possible sources of future growth.
Almec shares rose during trading on October 12, 2026.
The sources give no further details on the timing or outcome of the supply discussions.
Almec shares rose 2.32% to 57,300 won on Oct. 12, according to Maeil Business.
The report said the company was discussing initial supplies worth about 40 billion won with a North American aerospace company.
Almec makes aluminum parts, including electric-vehicle battery module cases, and is expanding into aerospace.
The report said Almec’s acquisition of a factory in Alabama would give it a North American base.
It said the aerospace expansion and North American presence could strengthen the company’s growth prospects.
- Who
- Almec, a South Korean aluminum-parts company.
- What
- Its shares rose as it discussed initial aerospace supplies worth about 40 billion won with a North American company.
- When
- Oct. 12, 2026.
- Where
- The supply discussions concern North America; Almec acquired a factory in Alabama.
- Why
- The report linked the rise to the company’s aerospace expansion and efforts to establish a North American base.
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
MK Signal recommended buying Almec, according to the report.
MK Signal’s report said its sell strategy after reaching a target price produced a 22.28% return.
Almec shares were reported at 57,300 won, up 2.32% from the previous close.
- Share price
- 57,300 won at 9:06 on Oct. 12
- Daily change
- Up 2.32% from the previous close
- Supply discussions
- About 40 billion won in initial aerospace supplies
- North American base
- Factory acquisition in Alabama
- Existing business
- Aluminum parts, including electric-vehicle battery module cases









