TaeguTec is Bestowed Export
Award by S. Korean Government
All the hard work has paid off for world-class cutting tools manufacturer TaeguTec who became the recipient of the South Korean government's “Export Tower Award” for the fourth time in its short history.
The prize was awarded to TaeguTec on Dec. 5, 2012 for reaching the $300 million milestone in exports in 2012.
The company has met incremental targets of $50 million worth of exports in 2004, $100 million in 2005, $200 million in 2008 and now $300 million in 2012.
During the special ceremony, awards were given by outgoing South Korean President Lee Myung-bak to companies that have successfully contributed to the Korean economy.
The Export Tower Awards were first presented in 1964 by former South Korean President Park Chung-hee in appreciation of companies that reached certain export goals in a year.
TaeguTec opened its second plant in the spring of last year and aggressively invests in research and development and quality improvements.