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ILJIN Co., Ltd. Business Report FY ended Dec. 2018
Highlights in Recent Years
Financial Overview (Non-consolidated) |
(in millions of won) |
| FY ended Dec. 31, 2018 | ||||
| ILJIN Bearing |
ILJIN Global |
ILJIN | Bearing Art |
|
| Sales | 279,705 | 1,257,584 | 823,718 | 375,224 |
| Operating income | 8,670 | 176,083 | 26,738 | 13,614 |
| Net income | 13,622 | 152,848 | 63,365 | 8,059 |
Development of EV Suspension Arm
-Iljin Co., Ltd. (Iljin), a South Korea-based major wheel bearing maker, announced that it has developed a new electric vehicle (EV) suspension arm utilizing plastics. The new product, which is made of steel and plastics, is 15% lighter than press-formed steel suspension arms. The company received material and structural analysis support from Germany-based BASF SE, and the achievement of practical use is in sight. Iljin will offer the new suspension arm to automakers that are improving EV travel distance. The company adopted reinforced polyamide plastics that contain glass fiber 50% for the arm body (other than the arm connection base) to realize weight reduction and high strength. It also adopted plastics for ball joints that connect the steering mechanism and the arm in order to reduce frictional resistance and improve steering operability. Iljin aims to rationalize production, for example, by means of the introduction of one-shot injection molding, and improve cost competitiveness. (From an article in the Nikkan Jidosha Shimbun on May 10, 2018)
R&D Structure
| Facility | Location | Company |
| Technical Research Center for bearings | Gyeongju, Gyeongsangbuk-do |
ILJIN Bearing |
| Technical Research Center for chassis | Gyeongju, Gyeongsangbuk-do |
ILJIN Corporation |
| Technical Research Center (U.S.A.) | Michigan, USA |
ILJIN USA Corporation |
| Technical Research Center (Germany) | Nurnberg, Germany |
ILJIN GmbH |
R&D Expenditure (Non-consolidated) |
(in millions of won) |
| FY ended Dec. 31, 2018 | ||||
| ILJIN Bearing |
ILJIN Global |
ILJIN | Bearing Art |
|
| Amount | 9,186 | 23,741 | 12,151 | 10,624 |
| % of sales | 3.3 | 2.9 | 4.5 | 2.8 |
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