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SurplusGLOBAL, selected as “Forbes Asia's 200 Best Under A Billion 2018” by Forbes Asia

The August 2018 issue of Forbes Asia selected SurplusGLOBAL as “200 Best Under A Billion 2018” by recognizing its financial soundness and growth potential
A second leap forward with the opening of ‘Semiconductor Equipment Cluster’ at the end of 2019

News provided by SurplusGLOBAL
August 23, 2018 10:19 KST

OSAN, SOUTH KOREA--(Korea Newswire) August 23, 2018 -- SurplusGLOBAL (CEO: Jung-Woong Kim, www.SurplusGLOBAL.com), a global used semiconductor equipment trading company, today announced that it was selected as ‘Asia’s 200 Best Under A Billion' in the August 2018 issue of “Forbes Asia.”
 
Forbes Asia’s ‘200 Best Under A Billion 2018’ evaluates profitability, growth, indebtedness of the listed companies across Asia. It is a system for assessing the small and medium-sized enterprises in Asia, which selects the final 200 companies from the list after having the initial screening of 24,000 companies. The final selection is based on criteria such as companies with strong growth in sales and profitability for the last 1 year and the past 3 years, and companies with high average returns to equity for the past 1 to 5 years.

More than 50% of the selected companies (108 out of the 200 companies) were from Greater China including China, Hong Kong, and Taiwan, and among them, 88 companies were newcomers in China. The selected companies recorded an average 62% growth in annual sales, totaling $45 billion in sales, and a profit of $9 billion.

SurplusGLOBAL has been selected as the 200 companies with its sales of $99 million, net profit of $17 million, and market value of $145 million.

“We are excited to be selected as one of the 200 companies in the Asian region as a specialist in used semiconductor equipment trading business that shows the aspect of a semiconductor powerhouse. When ‘Semiconductor Equipment Cluster’ in Yongin, which is scheduled to be completed by the end of next year is completed, we expect to see a lot of vitality in not only the used semiconductor equipment trading but also the entire semiconductor industry. We will do our best to provide high-quality customer solutions.”

SurplusGLOBAL’s CEO, Jung-Woong Kim, expressed his impressions for being selected as ‘200 Best Under A Billion,’ and announced his ambition to complete the ‘Semiconductor Equipment Cluster’ in the future.
 
The company’s ‘Semiconductor Equipment Cluster’ is under construction at the site in Yongin-si, Gyeonggi-do with the goal of opening the first phase in December 2019. It is scheduled for the tenants to move into the Building A and B in ‘Semiconductor Equipment Cluster’ with the total area of 85,950㎡ (equivalent to the size of 12.5 football fields) from December 2019 to December 2020. Most resident companies will be semiconductor equipment companies for repair, maintenance or rental of equipment, including manufacturing and service companies related to semiconductor equipment industry. Also, there will be a training center of global equipment manufacturer, semiconductor related R&D center, display rooms and offices which enable the tenants to do business at one place from buying and selling equipment, maintenance and rental to consulting services for semiconductor equipment trading.

About SurplusGLOBAL

SurplusGLOBAL is a global leader in the secondary semiconductor equipment market. Since 2000, the company has handled transactions of over 20,000 pre-owned semiconductor, LED, and display equipment by providing their diverse customer-based solutions such as power on demo, refurbishment, reconfiguration, remarketing, valuation, and rental services. The company (KOSDAQ; 140070) is headquartered in Korea (Osan) with subsidiaries in USA (San Jose and Phoenix), China (Shanghai) and Taiwan (Hsinchu).

Contact

SurplusGLOBAL
Management Support Team
You Gyeongho, Team Leader
82-31-615-6855
alex@surplusglobal.com

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