Inzi Controls Co., Ltd. Business Report up until FY ended Dec. 2013

Business Highlights

Highlights in Recent Years

Financial Overview (Consolidated)

(in millions of won)
  FY ended Dec. 31, 2013 FY ended Dec. 31, 2012
Rate of
change (%)
Sales 546,644 560,167 (2.4) -
Operating income 9,599 19,068 (49.7) -
Net income (2,521) 31,102 - -


-In November 2013, the Company announced that it will absorb Kohmeca Co., Ltd., its wholly-owned subsidiary in Korea. Kohmeca, headquartered in Siheung, Gyeonggi-do, Korea, produces and sells automotive sensors and plastic components. The merger procedures are expected to be completed in February 2014. (From a press release, November 25, 2013)


-In Dec. 2009, the Company acquired the Alabama Plant of Toledo Molding and Die, Inc., establishing Inzi Controls Alabama. Inc, to manufacture injection-molded components for automobiles.

-In Apr. 2006, the Company acquired 51% of the shares in an automotive parts supplier, Penta Daewha Auto Parts Ltd., at a cost of 4.68 million won, turning it into its subsidiary. Penta Daewha produces filters, fuel pumps and plastic parts for global automakers, including Hyundai Motor Company, Kia Motor Corporation, Mitsubishi Motors Corporation, General Motors Corporation and Ford Motor Company. In September 2006, the Company renamed the Indian subsidiary Inzi Controls India Ltd.

New project

-In May 2013, the Company was selected by Korea's Ministry of Knowledge Economy for the World Class 300 Project, a government-supported investment program to help local companies grow into global players. Companies chosen for the project can receive extensive assistance from 12 agencies in the areas of technological development, global marketing, recruiting, financing and consulting. These agencies include the Korea Trade-Investment Promotion Agency, the Export-Import Bank of Korea, the Korea Technology Finance Corporation, the Korea Business Development Center and the Korean Intellectual Property Office. (From a press release, August 14, 2013)


R&D Expenditure (Non-consolidated)

(in millions of won)
FY ended Dec. 31, 2013 FY ended Dec. 31, 2012 FY ended Dec. 31, 2011
Amount 15,082 12,751 10,664
% of sales




R&D Activities

-Hyundai Dymos, Hyundai Motor's Namyang technical research center, and the Company have jointly developed a new technology to produce air pressure control valves for automotive seats. The piezo-ceramic actuator of the valve is expected to improve seat adjustment maneuverability. The valve will be used on a new luxury vehicle that Hyundai Motor plans to begin production in November 2013. (From a press release on August 29, 2013)

-In 2009, Korea's Ministry of Knowledge Economy announced that it will invest over the next year or two approximately 155 billion won in several growth areas. In the area of LED technology, Hyundai Mobis will collaborate with Samsung LED and other companies to develop LED headlamps. Development of green cars will be led by Daesung Electric Co., Ltd.; Hyundai Mobis; Korea Electric Terminal Co., Ltd.; and Daewon Kangup Co., Ltd., which will work on the development and commercialization of major components. Application studies on renewable energy will be carried out by the Company, Halla Climate Control Corp.; Sejong Industrial Co., Ltd.; and the Namyang Research Center of Hyundai Motor. Hyundai Motor, Hyundai Autonet, Samsung Electric will develop semiconductors for next-generation vehicles. These projects are planned to be completed by the middle of 2010. (From a press release on Jul. 8, 2009)

R&D project R&D period Organization leading the project
Development of fuel injection intake system for diesel engines meeting the Euro V standards Nov. 2007 -
Oct. 2009
Gyeonggi Technopark
Development of anticorrosive radiator hoses Jun. 2007 -
May 2009
Ministry of Knowledge Economy
Development of oil separation and collection system for fuel-efficient, gasoline engine vehicles compliant with the Euro V standards Nov. 2006 -
May 2011
Korea Automotive Technology Institute (KATECH)
Development of evaluation technology for electronic thermal management systems for engine coolant Jun. 2006 -
May 2008
Ministry of Knowledge Economy
Development of heat and water management system for fuel cell batteries Jan. 2005 -
Jul. 2008
Ministry of Knowledge Economy
Development of ATC engine cooling water management systems
Jul. 2004 -
Oct. 2008
The Company
Improvement of fuel efficiency using TMS
May 2007 -
Apr. 2008
Hyundai Motor
Development of electric thermostats for fuel cell vehicles
Jan. 2005 -
Jan. 2008
Hyundai Motor
Development of control valves for exhaust heat recovery systems Jul. 2009 -
Jun. 2010
Halla Climate Control
Development of mediums-size EV platform and air conditioning system using the heat pump system Jul. 2011 -
Jun. 2014
Hyundai Motor

Development of intelligent cooling system of high efficient diesel engine

Jun. 2009 -
May 2012
Myunghwa Ind.
Development of Low cost fuel cell Oct. 2011 -
Sep. 2013
Myunghwa Ind.
Development of intelligent air conditioned seat Oct. 2011 -
Sep. 2013
The Company
Development of composite material Polyketone EP Apr. 2013 -
Mar. 2013
Development of intelligent air conditioned seat Oct. 2013 -
Feb. 2014
Daejeon Techno Park
Chungnam Techno Park