Kyung Chang Industrial Co., Ltd. Business Report up until FY ended Dec. 2013
Business Highlights
Highlights in Recent Years
-The Company won a supply award to provide automatic transmission parts to Hyundai Powertech. This contract, which covers the period between 2008 and 2014, is expected to generate sales of 26,934 million won. Hyundai Powertech is a specialized manufacturer of automatic transmissions and is a member of the Hyundai Motor Group. (From a press release on October 24, 2007)
-The Company signed a supply contract with Hyundai Motor Company and Pyung Hwa Oil Seal Industry Co., Ltd., under which the Company will provide automatic transmission parts for Hyundai vehicles between 2008 and 2015. This business is expected to generate sales of 356.178 million won. (From a press release on July 27, 2007)
-The Company was awarded a contract to supply parts for use in the next-generation 5-speed and 6-speed transmissions made by Hyundai Motor and Kia Motors. The new contract, which covers the period between 2008 and 2015, is expected to generate sales of 213,283 million won. (From a press release on March 19, 2007)
Financial Overview (Consolidated) |
(in millions of won) |
| FY ended Dec. 31, 2013 | FY ended Dec. 31, 2012 | Rate of change (%) |
Remarks | |
| Sales | 526,639 | 423,087 | 24.5 | - |
| Operating income | 29,768 | 12,630 | 135.7 | - |
| Net income | 27,318 | 12,113 | 125.5 | - |
Contracts
-The Company will supply 6-speed automatic transmission parts to the Hyundai Powertech's Chinese plant, starting in the second half of 2011. Hyundai Powertech specializes in manufacturing automatic transmissions.-The Company won a supply award to provide automatic transmission parts to Hyundai Powertech. This contract, which covers the period between 2008 and 2014, is expected to generate sales of 26,934 million won. Hyundai Powertech is a specialized manufacturer of automatic transmissions and is a member of the Hyundai Motor Group. (From a press release on October 24, 2007)
-The Company signed a supply contract with Hyundai Motor Company and Pyung Hwa Oil Seal Industry Co., Ltd., under which the Company will provide automatic transmission parts for Hyundai vehicles between 2008 and 2015. This business is expected to generate sales of 356.178 million won. (From a press release on July 27, 2007)
-The Company was awarded a contract to supply parts for use in the next-generation 5-speed and 6-speed transmissions made by Hyundai Motor and Kia Motors. The new contract, which covers the period between 2008 and 2015, is expected to generate sales of 213,283 million won. (From a press release on March 19, 2007)
Award
-In October 2011, the Company was awarded the four-star rating from Hyundai and Kia Motors.R&D
R&D Structure
-The Company established a technical center in May 1993.-The Company has 49 engineers working at this facility as of December 31, 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 | 5,792 | 4,766 | 3,180 |
| % of Sales | 1.2% | 1.2% | 0.9% |
R&D Activities
| Areas of development activities | |
| FY ended Dec. 31, 2010 - | -TRF press technology -Flow forming technology |