Shindo Eng. Lab.
South Korean display back-end equipment maker supplying laminators and defoamers for OLED, foldable and microLED production, and expanding into hydrogen fuel-cell MEA manufacturing equipment.
Last updated September 29, 2026
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Overview
Shindo Eng. Lab. (Korean: 주식회사 신도기연) is a South Korean manufacturer of display back-end process equipment. The company is headquartered at 21 Mayu-ro 238beon-gil, Siheung-si, Gyeonggi-do, and its core business is the development, manufacture and sale of equipment used in the production of flat and curved OLED displays, foldable displays and microLED displays. Its principal products are laminators (합착기) and defoamers (탈포기), which are supplied to display makers in South Korea and overseas. The company's differentiating technology is a thermal vacuum pressure lamination process. Building on this core lamination capability, Shindo Eng. Lab. has been expanding into the hydrogen fuel-cell equipment market, specifically equipment for manufacturing membrane electrode assemblies (MEAs), a key component of hydrogen fuel cells. This represents a diversification beyond display equipment into the broader advanced-manufacturing equipment space. Shindo Eng. Lab. listed on the KOSDAQ market on July 6, 2020, with Korea Investment & Securities acting as the lead underwriter for the listing. The listing gave the company access to public capital markets and raised its profile among Korean equipment suppliers to the display and energy industries. The company operates in the same competitive peer group as other Korean display equipment makers such as Mirae Company, Donga Eltek and HIMS. As a KOSDAQ-listed company, Shindo Eng. Lab. is subject to Korean public-company disclosure requirements. Its business is tied to capital expenditure cycles in the display industry, particularly investments in OLED and next-generation display lines, and increasingly to investment in hydrogen fuel-cell production capacity. The company maintains an official website at lcd.co.kr.
History
Shindo Eng. Lab. (주식회사 신도기연) is a South Korean company specializing in display back-end process equipment. It is headquartered at 21 Mayu-ro 238beon-gil, Siheung-si, Gyeonggi-do. Its main business is the manufacture and sale of display equipment, specifically laminators (합착기) and defoamers (탈포기) required for the production of OLED (flat and curved displays), foldable displays and microLED displays, which it supplies to domestic and overseas companies. The company's core technology is lamination using thermal vacuum pressure. Using this core lamination technology, Shindo Eng. Lab. has been expanding its business into the market for manufacturing equipment for membrane electrode assemblies (MEAs), a key component of hydrogen fuel cells. On July 6, 2020, the company listed on the KOSDAQ market. The lead underwriter for the listing was Korea Investment & Securities. The company operates alongside peers in the Korean display equipment sector such as Mirae Company, Donga Eltek and HIMS.
Listed on the KOSDAQ market on July 6, 2020, with Korea Investment & Securities as lead underwriter.
Products and positioning
Specialist supplier of display back-end lamination and defoaming equipment, leveraging core thermal vacuum lamination technology to enter the hydrogen fuel-cell equipment market.
Laminators (합착기)
Equipment for laminating display panels, used in OLED, foldable and microLED production.
Defoamers (탈포기)
Equipment for removing bubbles in display manufacturing processes.
Hydrogen fuel-cell MEA manufacturing equipment
Equipment for manufacturing membrane electrode assemblies (MEAs), a key component of hydrogen fuel cells, based on the company's thermal vacuum lamination technology.
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