The fire-fighting equipment and construction specialized corporation Paratech is soaring. This is attributed to expectations for a ceasefire in Ukraine. Paratech noted that it had previously signed a memorandum of understanding (MOU) with the Ukrainian fire-fighting company STRAZHSPETSTEKH LTD (hereinafter SST) for reconstruction project collaboration.
Paratech is trading at 1,696 won, up 5.87% from the previous day, as of 10:43 a.m. on the 6th. At one point during the session, it had risen by over 7%.
Established in 1973, Paratech has a variety of fire-fighting equipment that it produces in-house, including sprinklers, valves, and CPVC. Paratech plans to establish a joint venture (JV) with SST to export these fire-fighting equipment to the local market in Ukraine and carry out direct construction.