Tongyang Pile

Tongyang Pile makes PHC piles, large, high-strength precast concrete columns that are driven into the ground to form the foundations of buildings and large-scale infrastructure projects.

Construction contractors use these piles especially when building on soft or unstable ground, such as for apartment complexes and industrial plants. Listed on KOSDAQ, South Korea's small-cap board, the company operates in a domestically focused market, as the sheer weight and size of concrete piles make long-distance transport costly. Demand for its products moves closely with the broader South Korean construction cycle.