Korloy

What is Korloy?

Korloy is a Korean manufacturer of machining tools, also known as cutting tools, founded in 1966. The company produces a wide range of cutting tools, such as carbide and ceramic tools as well as coated indexable inserts.

Korloy's History and Development

Korloy’s history began in 1966 when the company was founded in Seoul, South Korea. The first factory opened in Seoul in 1967, and production moved to its current location in Cheongju in 1974. Over the years, Korloy has expanded its operations, increased production capacity, and advanced its technological expertise.

During the 1960s and 1970s, Korloy built several new production facilities and added specialized components to its manufacturing process. In the 1980s, the company established a research and development center and changed its name to its current form, Korloy Inc. In the 1990s, Korloy further expanded its manufacturing facilities and introduced new production lines.

Korloy's Product Range and Innovations

Korloy’s product lineup includes a broad selection of cutting tools, including carbide and ceramic tools, drills, milling cutters, and tool holders. The company continuously invests in research and development, aiming to improve its product range and features.

Korloy has received multiple certifications and recognitions for its various qualities and manufacturing methods. For example, in 1997, Korloy received the ISO 9001 certification and in 2009, the ISO 14001 environmental certification.

Korloy's International Expansion

Korloy has significantly expanded its international operations in recent decades. The company has subsidiaries in several countries, including the United States, Europe, India, China, Brazil, Vietnam, and Chile. This global network enables the company to offer products and services to customers in many different countries.

Korloy's Goals and Values

Korloy’s main goal is to be a competitive player in the cutting tools market. The company’s operations are based on customer satisfaction and providing value-creating products and services. Korloy’s values emphasize transparency, fairness, innovation, and social responsibility.

Korloy's Future Outlook

Korloy continues to invest in technological development and the innovation of new products. The company's goal is to expand its markets and remain competitive by offering customers a diverse selection of cutting tools and services. Korloy is also committed to improving employee well-being and creating new jobs.

Summary

Korloy is a Korean cutting tool manufacturer that has been in operation since 1966. The company’s history includes numerous milestones, such as the construction of production facilities and expansion into international markets. Korloy aims to be a competitive player in its field, with a continual focus on research and development and social responsibility. The company continues to achieve its goals by offering a variety of cutting tools worldwide.