Sebang Global Battery Co., Ltd. Business Report FY ended Dec. 2014
Highlights in Recent Years
Financial Overview |
(in millions of won) |
| FY ended Dec. 31, 2014 |
FY ended Dec. 31, 2013 |
Rate of change (%) |
Remarks | |
| Sales | 955,578 | 918,797 | 4.0 | -Sales of automotive batteries for FY2014 totaled 770,555 million won, which made up 80.6 percent of the Company's overall revenue. |
| Operating income | 81,017 | 85,208 | (4.9) | - |
| Net income | 61,409 | 70,046 | (12.3) | - |
-The Company announced that it sold its 15,000th GMH nickel-metal-hydride battery. In 2006, it was the first one in Korea to develop a nickel-metal-hydride battery, which it started to mass-produce in the second half of 2007. Customers include developers of hybrid electric vehicles (HEVs) and electric vehicles (EVs). (From a press release, Sep. 11, 2008)
R&D Structure
-The Company has an R&D center in Gwangju City. The center consists of two teams: the Battery Development Team and the Materials Development Team.
-23 researchers work at the R&D center as of Dec. 31, 2014.
R&D Expenditure |
(in millions of won) |
| FY ended Dec. 31, 2014 |
FY ended Dec. 31, 2013 |
FY ended Dec. 31, 2012 |
|
| Amount | 2,998 | 3,353 | 3,000 |
| % of Sales | 0.3% | 0.4% | 0.4% |
Recent Development
-The Company will unveil its proprietary next-generation nickel hydride batteries at the Battery Korea 2007. The completely sealed battery minimizes environmental impact with its compact and light unit; the cell is only one tenth as large as existing batteries in Korea, and weighs only one sixth that of conventional products. The Company says it is ready to bring the new battery into the market as soon as it completes its joint project to develop module products with an automaker. In response to growing awareness of environmental issues, Nickel hydride batteries are attracting the industry's attention as alternatives to nickel-cadmium cells. Global Battery developed Korea's first nickel hydride battery last year. (From a press release on May 8, 2007)
-The Company has engineered technology to manufacture sealed nickel-hydride batteries after spending five years in the development project, and is now preparing to start mass production. The battery maker plans to manufacture the batteries both for hybrid vehicles and general industry, with lines for each segment operated independently. (Based on a press release by the company on July 18, 2006)
Technical Partnership Agreement (Licensing-in)
| Partner | Period | Technology |
| EN-Consulting | Jul. 2014 - Jun. 2015 |
Service contracts, GC batteries, Support for VRLA technology, Automotive lead-acid storage batteries |
| M&G Eco-Battery | Mar. 2014 - Feb. 2015 |
Transferring technology and offering technical support in the field of nickel-metal-hydride (Ni-MH) batteries for automotive applications |
| Korea Institute of Energy Research | Aug 2012 - Aug. 2018 |
Technology transfer of air-cooled type fuel cell |
| Recombination Technologies | Jan. 2014 - Dec. 2014 |
Support for VRLA technology |
Capital Investments
-In FY ended Dec. 31, 2014, the Company spent 37,313 million won on plants and equipment.
Investment Plans |
(in millions of won) |
| Division | Investment project | FY ended Dec. 31, 2015 |
FY ended Dec. 31, 2016 |
FY ended Dec. 31, 2017 |
| Rechargeable batteries | Installing new equipment | 37,000 | 7,000 | 7,000 |
| Maintenance | 20,000 | 20,000 | 20,000 | |
| Total | 57,000 | 27,000 | 27,000 |
Data
Production and Sales by Product |
(Unit: thousand units / Amount: in millions of won) |
| FY ended Dec. 31, 2014 |
FY ended Dec. 31, 2013 |
FY ended Dec. 31, 2012 |
|||||
| Unit | Amount | Unit | Amount | Unit | Amount | ||
| Automotive batteries | Production | 16,737 | - | 15,663 | - | 13,399 | - |
| Sales | 16,676 | 770,555 | 15,515 | 727,287 | 13,561 | 645,461 | |
| Industrial batteries | Production | 965 | - | 990 | - | 1,001 | - |
| Sales | 1,673 | 182,659 | 1,632 | 189,007 | 1,933 | 198,530 | |
| Motorcycle batteries | Production | 36 | - | 139 | - | 0 | - |
| Sales | 144 | 2,364 | 154 | 2,503 | 146 | 2,339 | |
| Total | Production | 17,738 | - | 16,792 | - | 14,400 | - |
| Sales | 18,493 | 955,578 | 17,301 | 918,797 | 15,640 | 846,330 | |
Production Capacity/Result |
(in thousand units) |
| Item | Plant | FY ended Dec. 31, 2014 |
FY ended Dec. 31, 2013 |
FY ended Dec. 31, 2012 |
|||
| Capa- city |
Result | Capa- city |
Result | Capa- city |
Result | ||
| Automotive batteries |
Changwon | 773 | 669 | 840 | 533 | 562 | 419 |
| Gwangju | 16,560 | 16,068 | 16,992 | 15,130 | 17,004 | 12,980 | |
| Subtotal | 17,333 | 16,737 | 17,832 | 15,663 | 17,566 | 13,399 | |
| Industrial batteries |
Changwon | 1,297 | 924 | 1,320 | 955 | 1,073 | 966 |
| Gwangju | 144 | 41 | 162 | 35 | 162 | 35 | |
| Subtotal | 1,441 | 965 | 1,482 | 990 | 1,235 | 1,001 | |
| Motorcycle batteries |
Gwangju | 276 | 36 | 312 | 139 | 300 | - |
| Subtotal | 276 | 36 | 312 | 139 | 300 | - | |
| Total | 19,050 | 17,738 | 19,626 | 16,792 | 19,101 | 14,400 | |
Capacity Utilization Rate
*The utilization rate was calculated by dividing the actual number of operating hours by the maximum number of possible operating hours per year.
| FY ended Dec. 31, 2014 |
FY ended Dec. 31, 2013 |
FY ended Dec. 31, 2012 |
|
| Changwon plant | 77.0% | 68.9% | 84.7% |
| Gwangju plant | 95.1% | 87.6% | 74.5% |
| Average | 93.1% | 85.6% | 75.4% |
*The utilization rate was calculated by dividing the actual number of operating hours by the maximum number of possible operating hours per year.
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