Kyung Chang Industrial Co., Ltd. Business Report FY ended Dec. 2014
Highlights in Recent Years
Financial Overview (Consolidated) |
(in millions of won) |
FY ended Dec. 31, 2014 | FY ended Dec. 31, 2013 | Rate of change (%) |
Remarks | |
Sales | 552,775 | 526,639 | 5.0 | - |
Operating income | 28,420 | 29,768 | (4.5) | - |
Net income | 24,860 | 27,318 | (9.0) | - |
New Company
-In December 2014, KCW (headquarters: Daegu, Korea), a wiper production and sales company in the Kyung Chang Industrial Group, announced that it will establish a 50-50 joint venture with Bosch Electrical Drives. The new company, KB Wiper Systems (tentative name), will develop, produce, and sell wiper systems. It will be capitalized at KRW 5 billion. (From a press release on December 10, 2014)
R&D Structure
-The Company established a technical center in May 1993.
-The Company has 62 engineers working at this facility as of December 31, 2014.
R&D expenditure (Non-consolidated) |
(in millions of won) |
FY ended Dec. 31, 2014 | FY ended Dec. 31, 2013 | FY ended Dec. 31, 2012 | |
Amount | 6,726 | 5,792 | 4,766 |
% of Sales | 1.3% | 1.2% | 1.2% |
R&D Activities
Areas of development activities | |
FY ended Dec. 31, 2010 - | -TRF press technology -Flow forming technology |
Data
Sales (Non-consolidated) |
(in millions of won) |
FY ended Dec. 31, 2014 | FY ended Dec. 31, 2013 | FY ended Dec. 31, 2012 | ||
Transmission parts |
Export | 324,491 | 316,962 | 194,967 |
Korea | 94,304 | 79,973 | 115,080 | |
Total | 418,795 | 396,935 | 310,047 | |
Cables | Export | 20,373 | 16,022 | 12,852 |
Korea | 16,660 | 17,308 | 16,668 | |
Total | 37,033 | 33,330 | 29,520 | |
Pedals | Export | 12,774 | 15,364 | 16,379 |
Korea | 7,538 | 8,076 | 7,948 | |
Total | 20,312 | 23,440 | 24,327 | |
Levers | Export | 24,771 | 23,273 | 20,838 |
Korea | 3,588 | 5,934 | 6,178 | |
Total | 28,359 | 29,207 | 27,016 | |
Reservoir tanks |
Export | 2,383 | 3,376 | 4,720 |
Korea | 1,223 | 1,212 | 1,300 | |
Total | 3,606 | 4,588 | 6,020 | |
Others | Export | 9,219 | 7,993 | 3,647 |
Korea | 3,603 | 3,618 | 1,471 | |
Total | 12,822 | 11,611 | 5,118 | |
Total | Export | 394,011 | 382,990 | 253,403 |
Korea | 126,916 | 116,121 | 148,645 | |
Total | 520,927 | 499,111 | 402,048 |