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FINWIRES

Sanil Electric Secures KRW51.2 Billion Reactor Supply Deal with TMEIC USA

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Industrial transformer manufacturer Sanil Electric (KRX:062040) has signed a 51.2 billion won contract to supply reactors for TMEIC USA, with the agreement taking effect on Aug. 19.

The contract period runs from Aug. 17, 2026 to Aug. 26, 2027, with shipments under CIF terms and no advance payment required, according to a bourse filing on Thursday.

The deal represents 10.20% of the supplier's latest fiscal year sales of 501.9 billion won.

The contract amount and timeline remain subject to change during execution, according to the disclosure.

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