LUD | Market Cap: $100.5M (07/13/26)
Industry:
Capital Goods
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DESCRIPTION

Luda manufactures and trades stainless steel and carbon steel flanges and fittings used in industrial piping systems. Flanges connect pipes and equipment, while fittings like elbows and tees direct fluid flow. The company produces its core offerings at its factory in Shandong Province, China, and also trades third-party components like valves and pipes. Luda’s products serve customers in the chemical, petrochemical, maritime, and general manufacturing industries for the construction of plants and pressure equipment. The business model involves sourcing steel billets from a few key suppliers and converting them into components sold at a markup. Luda maintains various international quality certifications, which are requirements for high-specification applications in sectors like offshore oil and gas. While China is the company’s primary market, Luda is expanding into international markets like South America to offset lower domestic demand. Luda holds a supplier registration with Petrobras to help sell products in Brazil. The company utilizes a direct sales force supplemented by agents in Brazil, South Korea, and China. Luda offers approximately 12,000 product types across its portfolio to meet diverse international standards and specifications.

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