Vacuum robot firm Raontec said on Wednesday that it expects to supply its products to overseas customers starting in the second half of this year or next year.
Product demos to overseas customers were yielding results, Raontech CEO Kim Won-geyung said, at the company’s press conference for its listing on KOSDAQ, which is expected in June.
The company will also expand in pharmaceutical and bio robots going forward, Kim said.
Raontec was founded in 2000 and provides vacuum robot that transports wafers within semiconductor production lines.
The robots transfers the wafers into the chambers of etching and deposition equipment. The insides of the chambers are airless, and the robot must activate at this vacuum. The chambers are also usually 200 to 700 Celsius in temperature, so the robots must also endure heat.
Raontec is competing with US’ Brooks Automation and Japan’s Ulvac in this sector.
The South Korean company has spent 9.5% of its annual sales in research and development, the CEO said.
Its customers include Tes, Jusung Engineering, Semes and Wonik IPS. It also supplies its robots to Intel.
Raontec will be spending 2 billion won out of the 7.9 billion won it expects from the listing in expanding its facilities.
The remaining funds will be used for marketing and to setup overseas service centers.
CEO Kim said the company will add a third floor to its headquarters in Suwon to manufacture robots.
This will allow the company to build 150 billion won worth of robots per year, triple the current 50 billion won.
Raontec also makes robots used in display and OLED production as well as pharmaceuticals.
CEO Kim said the company has been developing robots for bio and pharmaceutical applications for the past four to five years. The company offers AI foreign matter detectors and plasma testing systems, he said. This sector will become an important revenue stream for the company in the next two to three years, he added.
Last year, Raontec recorded sales of 18.4 billion won. For the first quarter of 2021 alone, it recorded sales of 10.54 billion won. In quarterly operating income, Raontec recorded 1.733 billion won, more than last year’s total operating income.
The company is expecting annual sales of 48.2 billion won and operating income of 8.8 billion won this year.
KB Securities is underwriting its listing. It will secure retail orders from June 7 to 8.