MHP
Industrial facility with an aluminium-clad façade

Company

Redefining the limits of industry with new materials

Founded on January 2, 2025, MHP is a new-materials company commercializing ECO-Almag, the world's first 800MPa-class ultra-light aluminum alloy developed by the Korea Institute of Industrial Technology (KITECH).

A team of veterans from Hyundai Motor takes on the industry's long-standing challenge: a metal that is strong, light, and sustainable.

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Founded

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2025 revenue

Overview

MHP is a materials company focused on commercializing aluminum-magnesium alloy material. ECO-Almag, developed by the Korea Institute of Industrial Technology (KITECH), is the world's first material delivering near-stainless strength at the weight of aluminum.

MHP supplies the material through the construction of a domestic production plant and collaboration on commercializing it. We serve the mobility, marine, defense, and consumer-goods industries, and are working to establish an integrated domestic production chain from casting to rolling.

Core values

Technology

Built on KITECH's original technology for the world's first 800MPa-class ultra-light alloy.

Sustainability

50% lower carbon emissions and a beryllium-free, safe design.

Reliability

Building an integrated domestic chain to secure both quality and supply stability.

Wider adoption · import substitution

Expanding into mobility, shipbuilding, construction and defense — and replacing 310,000 tons of imported aluminium sheet a year (about ₩2.4 trillion) with domestic production.

Affiliate: SDT

Founded in 2019, affiliate SDT has run the solar-roofing business (capital of ₩1 billion, ~₩43.5 billion in annual sales including related companies), forming the business foundation for MHP's solar product line.