Dongwon Systems posts higher Q3 profit on packaging exports to North America, Africa
South Korean packaging maker Dongwon Systems reported nine-month 2026 operating profit of USD 51.1m (KRW 68.4bn), up 16.7% year on year, on revenue of USD 853.7m (KRW 1,143.1bn), up 7.9%. Growth came from exports to North America and Africa of flexible packaging for retort pouches and pet food and of food cans, and from its Vietnamese subsidiary Tan Tien Packaging. The company plans to take its recyclable mono-material PE packaging into Europe, targeting customers preparing for the EU PPWR.
Why this mattersDongwon's growth comes from exports of retort pouches, pet-food packs and food cans, and it now targets PPWR-driven demand for mono-material PE in Europe.
- Nine-month 2026 operating profit USD 51.1m (KRW 68.4bn), up 16.7% year on year
- Nine-month revenue USD 853.7m (KRW 1,143.1bn), up 7.9% year on year
- Q3 revenue USD 301.0m (KRW 403.1bn), up 13.1% year on year
- Q3 operating profit USD 17.9m (KRW 24.0bn), up 18.9% year on year
- Exports of retort-pouch and pet-food flexible packaging and food cans grew to North America and Africa
- Vietnamese subsidiary Tan Tien Packaging contributed through local and export flexible-packaging sales
- Nine-month 2026 net profit: KRW 41.312bn (USD 30.4m), down 1.04 percent year on year.
- Q3 net profit attributable to parent shareholders: KRW 5.216bn, down 65.88 percent year on year.
- Parent Dongwon Industries' group operating profit rose 1.1% year-on-year to KRW 149.7bn in Q3 2026
- Dongwon Industries group revenue rose 6.6% to KRW 2.756tn in Q3 2026
- Dongwon Industries group net income fell 38.3% to KRW 62.7bn in Q3 2026
- Parent Dongwon Industries posted Q3 revenue KRW 2.756trn (USD 2.33bn), up 6.6% year on year, and operating profit KRW 149.7bn (USD 126.5m), up 1.1%
- Dongwon Industries' nine-month revenue reached KRW 7.858trn (USD 6.64bn), up 8.2%, with operating profit KRW 447.3bn (USD 378.1m), up 10.0%
- Group food affiliate Dongwon F&B saw operating profit decline on higher tuna prices and currency pressure
- Logistics affiliate Dongwon Loex posted double-digit revenue and profit growth despite falling global cargo volumes