ORIENTAL PRECISION & ENGINEERING CO., LTD

About OPCO

The World's Leading Ship Crane Company

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Oriental Precision & Engineering is with the history of the Korean Shipbuilding and marine powers.

Leap
Development
Growth
Birth

Leap2010’~

2010. 01OPCO passes the ISO 9001:2008 certification.
2010. 02OPCO is honored with the Korea Capital-Labor Collaboration Grand Prize.
2010. 07OPCO celebrates its 30th anniversary.
2010. 07OPCO receives certifications for ISO 14001:2004 and OHSAS 18001:2007 Busan Factory.
2010. 08OPCO obtains the API Spec Q1, API Spec 2C, and ISO/TS 29001 certifications.
2010. 08OPCO's unique deck crane system is pending for a patent. (10-2010-0048290)
2010. 08OPCO is honored with Best Labor-Management Culture Enterprise
2011. 01OPCO obtains the ASME U & S STAMP
2011. 04OPCO is named "A Representative Local Enterprise in the Busan Metropolitan Area"
2011. 06OPCO receives certification for ISO 14001:2004 Jinhae Shipyard
2011. 09OPCO is awarded the Changwon Metropolitan Industrial Peace Prize
2011. 11The 200-Million Dollar Overseas Sales Award & An Industry Merit Award
2014. 11Changed CEO
2015. 07Physical Division (Newly designed ship's upper structure, sectionated in oriental marinetech fashion)
2016. 05Termination of Joint Management of Bond Financial Institution (Bond sale to UAMCO., Ltd)
2017. 09Changes in the Largest Shareholder (the Korea Development Bank → Oriental Holdings LLC)
2019. 01Contract to establish a Joint Venture company Yantai Oriental Precision & Engineering Co., LTD
2019. 03Share sale of an affiliated company : Yantai Oriental Precision & Engineering Co., LTD
Commerce Day, Minister of Trade, Industry and Energy Award
2020. 06Global Leading Company Hall of Fame Dedication
ISO45001:2018 Certification (LRQA)
2020. 0740th Anniversary Celebration
2021. 01Hyundai Heavy Industries’ Selection of Excellent Partnership
2021. 05Changes in the Largest Shareholder (Oriental Holdings LLC → Oriental Inspection & Service)
2022. 09Medals of Honor
2022. 11Busan Industrial Awards (Tech)

Development2000’~

2000. 04The Jinhae Facility 2 is completed and is in operation.
2001. 06The Busan Factory is relocated.
2001. 11Korea Ministry of Commerce designates OPCO the "Leading Component Material Company."
2001. 11OPCO wins the Thirty-Million-Dollar Overseas Sales Award, and also wins the Order of Industrial Service Merit.
2001. 12OPCO goes public and is now a KOSDAQ-listed company.
2002. 01OPCO receives the ISO 9001:2000 certification.
2002. 08OPCO Japan, Oriental Precision & Engineering's Japanese affiliate, is founded.
2003. 11The OPCO affiliate Dalian Oriental Marine & Heavy Industry Co., Ltd. is founded in China.
2005. 12OPCO wins the Fifty-Million-Dollar Overseas Sales Award, and also wins the Order of Industrial Service Merit.
2006. 11Oriental Precision & Engineering Corporate Lab is established.
2006. 12OPCO wins the Hundred-Million-Dollar Overseas Sales Award, and also wins the Order of Industrial Service Merit.
2007. 07OPCO establishes Yantai Oriental Precision & Engineering Co., Ltd.
2008. 05OPCO establishes Oriental Precision (Dalian) Technical Service Co., Ltd.
2008. 07Oriental Heavy Industries is founded.
2009. 01OPCO establishes OPCO Singapore.
2009. 05OPCO establishes OPCO Vietnam.
2009. 06Company announces a new deck crane design.
2009. 06OPCO commemorates completion of 1,000 deck houses.
2009. 11OPCO is awarded the Busan Metropolitan Industrial Peace Prize.
2009. 11OPCO is certified for OHSAS 18001:2007(DNV) and KOSHA 18001(KOSHA).

Growth1990’~

1990. 05Company name changed to Oriental Precision & Engineering.
1991. 11OPCO wins the Five-Million-Dollar Overseas Sales Award.
1992. 06The Jinhae Facility is built in the city of Changwon, Gyeongsangnam-do province.
1994. 11Company wins the Ten-Million-Dollar Overseas Sales Award.
1996. 11The Jinhae deck house assembly plant is completed.
1998. 12Company qualifies for ISO 9001 certification.

Birth1980’~

1980. 07Oriental Fittings, Inc. is established, with the starting capital of 10 million Korean Won’s, or roughly 10,000 USD.
1986. 03Mr. Chong Suk Suh is appointed as the new CEO.
1987. 09Korea Exchange Bank honors Oriental Fittings and grants the title "A Mid-size Enterprise with Bright Prospects."
1987. 11Company wins the Million-Dollar Overseas Sales Award.

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