메카로닉스
Public · 3 known investors
Korean semiconductor equipment and materials maker, best known for wafer heater blocks, listed on KOSDAQ as Mecaro (241770).
Also known as Mecaro · MECARO CO., LTD. · Mecharonics · 메카로 · 메카로닉스 · 주식회사 메카로
Investors · 3
Company profile
researched Aug 2026Mecaro Co., Ltd. (주식회사 메카로) is a South Korean semiconductor industry supplier whose main product is the heater block, a component inside semiconductor equipment that holds (by suction) and heats wafers. Its broader product lines span semiconductor precursors, heater blocks, semiconductor manufacturing equipment (LCD susceptors, sources, scrubbers), chemical products and consumable parts for semiconductor tools, sold on both a manufacturing and wholesale basis. Heater blocks dominate revenue, accounting for roughly 97-98% of sales in reported 2026 quarterly revenue mix, with merchandise and other items making up the remainder.
The company was founded as Mecharonics in October 1999 and incorporated as 주식회사 메카로닉스 (Mecaronics Co., Ltd.) on 2000-10-06, with a stated goal of localizing materials, parts and equipment for the semiconductor industry; the corporate entity's founding date is also recorded as 2000-11-01. It renamed itself 주식회사 메카로 (Mecaro) on 2014-12-12; the name combines "메카," shortened from Mecharonics, with the Chinese character 路 ("road"). Headquarters is in Pyeongtaek, Gyeonggi Province (산단로121번길 89, Mogok-dong), with a second plant in Eumseong-gun, Chungcheongbuk-do. Group affiliates include Mecaro Energy, MECARO CHINA CO. LTD, Chip Core Technology Co., Ltd. (a Chinese joint venture), and Samil Tech.
Mecaro is co-led by representative directors Lee Jae-jung and Park Young-soon, an arrangement in place since September 2021. Reported revenue was KRW 94.61bn in 2025 (up 50.6% year on year) with operating profit of KRW 20.64bn and net profit of KRW 12.61bn, following KRW 62.84bn of revenue in 2024 and a loss-making 2023. Headcount was 246 as of 2026-06-30, and the company is classified as a small-and-medium enterprise in the "other semiconductor device manufacturing" industry.
Business model
Mecaro manufactures and wholesales semiconductor components, materials and equipment — heater blocks, precursors, LCD susceptors, sources, scrubbers, chemicals and equipment consumables — supplied to semiconductor and display device makers, and has been registered as a Samsung Electronics supplier since December 2006.
Traction
Revenue grew from KRW 38.1bn in 2023 to KRW 62.8bn in 2024 and KRW 94.6bn in 2025, with operating profit swinging from a KRW 2.67bn loss in 2023 to KRW 9.22bn in 2024 and KRW 20.64bn in 2025; net profit reached KRW 12.61bn in 2025. Total assets were KRW 222.6bn at end-2025 with an equity ratio of 91.97%. Headcount rose from 196 in 2023 to 240 in 2025 and 246 as of mid-2026. First-quarter 2025 China revenue was reported up 107%.
Latest developments
In 2026 the company was named to the Korea Exchange's KOSDAQ Rising Star list (August) and acquired a 100% stake in Samil Tech (July); CEO Lee Jae-jung was recognised as one of the 155th "Traders Who Brightened Korea," and co-CEO Park Young-soon received an industrial service medal at the 2026 SME leaders' event in June. In November 2025 Mecaro received the ESG Company Award at the 17th Korea KOSDAQ Awards, and in April 2025 it signed an agreement with the Pyeongtaek office of the Ministry of Employment and Labor and Samsung Electronics on prime-subcontractor cooperation.
▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies
Market position
Ranked 15th by revenue among Korean companies in the "other semiconductor device manufacturing" standard industry classification for 2025, and rated in the top tiers for profitability, stability and growth in NICE credit-information scoring; described as a significant Korean semiconductor component supplier.
Technology
Core technology centres on heater blocks that adsorb and heat wafers inside semiconductor process equipment, including ceramic heater blocks, plus semiconductor precursor chemistry — the company was selected for SME technology innovation projects for cobalt silicide precursor development (2003) and ruthenium precursor development (2004) and has operated a corporate research institute recognised by KOITA since 2002.
Go-to-market
Semiconductor and display manufacturers; Samsung Electronics is a registered customer, and the company reports sales in China through local affiliates.
Geography
Headquartered in Pyeongtaek, Gyeonggi Province, South Korea, with a second plant in Eumseong-gun, Chungcheongbuk-do and a Seongbon industrial-complex site; overseas presence via MECARO CHINA CO. LTD and the Chinese joint venture Chip Core Technology. Past overseas entities included Mecharonics Taiwan (established 2010, sold 2012) and the Chinese joint venture MS Tech (established 2018, liquidated 2021).
History
Mecharonics was founded in October 1999 and converted into a corporation, 주식회사 메카로닉스, in October/November 2000, with leadership passing from Yoon Kang-sik to Jung Tae-sung in November 2000 and to Lee Jae-jung in August 2006. The company registered as a Samsung Electronics supplier in 2006, was designated a parts-and-materials specialist firm in 2007, entered SK's affiliate group in 2008 and separated from it in 2009. It established a Taiwanese subsidiary, Mecharonics Taiwan, in 2010 (sold in 2012), founded subsidiary Mecacera in 2011 (merged back in 2015), and completed a second plant in Eumseong in 2012. The company was renamed Mecaro in December 2014 and listed on KOSDAQ in December 2017. Subsequent steps included spinning off Mecaro Energy (solar cell business) in 2019, acquiring KVTS (valves) in 2020 and merging it in 2021, spinning off M Chemical (advanced materials) in 2022 and selling that stake the same month/year, closing the Mokpo site in 2022, establishing the Chinese joint venture Chip Core Technology in 2024, closing the Gunpo valve-division branch in 2024, and acquiring 100% of Samil Tech in 2026.
Risks & controversies
Financial results have been volatile: 2023 revenue fell 28.5% year on year with an operating loss of KRW 2.67bn and a net loss of KRW 2.36bn, and cash flow from operations was negative KRW 14.5bn that year. Revenue concentration is high, with heater blocks representing about 97-98% of sales. The company has repeatedly restructured its portfolio, including the liquidation of the MS Tech joint venture in China (2021), divestment of M Chemical (2022), sale of KFR&D (2021) and closure of the Mokpo and Gunpo sites.
Compiled by commissioned research from 5 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 38
launches, deals, and filingsAlso recognised at the 155th 'Traders Who Brightened Korea' (CEO Lee Jae-jung).
Signed an MOU to expand win-win cooperation between prime contractors and subcontractors.
CEO Lee Jae-jung received the Bronze Tower Order of Industrial Service Merit for green management.
Advanced materials division separated into new subsidiary M Chemical via a simple physical spin-off; shareholders approved the split at a general meeting in September 2022.
Governance changed from sole CEO Lee Jae-jung to co-representative directors Lee Jae-jung and Park Young-soon.
Head office moved to 89 Sandan-ro 121beon-gil, Pyeongtaek, Gyeonggi Province.
Solar cell business separated into new subsidiary Mecaro Energy via a simple physical spin-off.
Joined the '벤처기업 1000억 클럽', won the Chungcheongbuk-do SME Grand Prize and a Prime Minister's citation on Semiconductor Day.
Shares began trading on KOSDAQ under ticker 241770; Korea Investment & Securities acted as lead underwriter.
Became an SK affiliate following a change in the majority shareholder of parent company Solmics (SKS).
Certification from the Minister of Commerce, Industry and Energy (No. 4574).
Issued its first private-placement convertible bond.
Recognised as a corporate R&D institute by the Korea Industrial Technology Association (No. 20021483).
Company incorporated as 주식회사 메카로닉스 with the goal of localizing semiconductor materials, parts and equipment; corporate founding date also recorded as 2000-11-01.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 5
primary sources listed
- 메카로 - 위키백과, 우리 모두의 백과사전ko.wikipedia.org · web
5 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does 메카로닉스 do?
- Korean semiconductor equipment and materials maker, best known for wafer heater blocks, listed on KOSDAQ as Mecaro (241770).
- Who are 메카로닉스's investors?
- 메카로닉스's investors include Aju IB Invesment Corporation, Atinum Investment Co. Ltd., Hyundai Venture Investment Corporation.