Austem Co., Ltd.

Company Profile

■URL

http://www.austem.com/

■Address

739, Susin-ro, Susin-myeon, Dongnam-gu, Cheonan-si, Chungnam, Korea

Business Overview

-The Company is an auto parts manufacturer specializing in the production of chassis parts, seat components, and wheels.

-The company mainly supplies its products to GM.

-In Jan. 2008, the Company and Posco, Korea's leading steel company, jointly established POS-Austem Suzhou Automotive Co., Ltd. in Suzhou, China. The Suzhou facility started supplying chassis parts and body components to Shanghai GM and other car OEMs.

Shareholders

(As of Dec. 31, 2023)

Major shareholders	Investment ratio (%)
Kim, Jung Woo, and one other person	13.86
Bodyfriend and two others	12.00
Kim Sungjoong	6.07

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Products

Chassis
Cross Member Assembly
-Front Cross Member
-Rear Cross Member
Control Arm Assembly
Axle
Suspension Link

Body
-Front Longitudinal Frame
-Rear Longitudinal Frame
-Twist beams
-Front/rear floor panels
-IP-Beam

Steel Wheel

Seat
-Recliner Core
-Round Recliner Assembly
-Power Recliner
-Track Core
-Pumping Device

Ceramic
-SiC DPF(Diesel Particulate Filter)
-Catalyst(TWC, DOC, CDPF, SCR)
-Advanced ceramics(CMF,SOFC)

Pouch Film

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History

Mar. 1990	The Company built a facility to manufacture steel wheel discs in Cheonan-Si, Chungcheongnam-Do.
Apr. 1995	The Company acquired ISO9001 certification
Dec. 1999	The Company acquired QS9000 certification
Feb. 2001	The Company acquired ISO14001 certification
Aug. 2002	The Company won a supply award from GM.
Mar. 2003	The Company acquired ISO/TS16949:2002 certification
Mar. 2004	The Company started supplying functional seat components for the Rodius manufactured by Ssangyong Motor.
Jan. 2005	The Company acquired ACM, a supplier of automotive components.
Mar. 2005	The Company changed its corporate name from Yoon Young Co., Ltd. to Austem Co., Ltd.
May. 2006	The Company acquired 61 percent of the shares in Seatek, a manufacturer of car seat components.
Sep. 2006	The Company was selected as a supplier to support the GM Delta2 project. (The Delta2 is the successor model to the Lacetti.)
Jun. 2007	The Company acquired the remaining shares in Seatek, making it its wholly owned subsidiary.
Dec. 2007	The Company started supplying functional seat parts for Hyundai Genesis luxury sedans.
Mar. 2008	The Company established POS-Austem Suzhou Automotive Co., Ltd. in China through a joint investment with POSCO of Korea.
Apr. 2008	The Company received General Motor's Supplier of the Year for FY2007.
Jul. 2008	The Company established a new plant in Gunsan.
Oct. 2008	Its Kunshan Plant in Jiangsu Province, China was completed.
Aug. 2010	The Company acquired KhanCera, a supplier of DPF filters.
Jan. 2011	The Company established O'zauto-Austem Limited Liability Company in Uzbekistan.
Aug. 2011	Its Jeonui Plant in Chungcheongnam-do was completed.
Mar. 2013	The Company established POS-Austem Yantai Automotive Co., Ltd. in China.
Dec. 2013	The Company absorbed two subsidiaries, ACM and Seatek.
Aug. 2014	The Company established Gill-Austem, LLC in USA.
Dec. 2015	The Company established POS-Austem Wuhan Automotive Co., Ltd in China.
Sep. 2021	The Company established AUSTEM AMERICA Inc.
Jul. 2023	IB materials changed its name to AUSTEM ExT.