Unick Corporation Business Report FY ended Dec. 2017

Highlights in recent years

Financial Overview (Consolidated)

(in millions of won)
FY ended Dec. 31, 2017 FY ended Dec. 31, 2016 Rate of
change (%)
Sales 235,151 254,677 (7.6) -
Operating income 4,170 8,857 (52.9) -
Net income 3,256 7,854 (58.5) -

R&D Structure

-In 1987, the Company established a technical center within the premises of its Gimhae Plant.
-As of December 31, 2017, a total of 71 engineers engage in R&D activities at the technical center.

R&D Expenditure

(in millions of won)
FY ended Dec. 31, 2017 FY ended Dec. 31, 2016 FY ended Dec. 31, 2015
Amount 8,732 9,845 8,780
% of Sales 3.9 4.1 4.1

R&D Activities

-The Company is now working on development of solenoid valves for 10-speed automatic transmissions.

-The Company has been developing high-performance hydraulic control systems for dual clutch transmissions since August 2012. The project was originally planned to take 60 months through July 2017. The development period, however, has been shortened to 48 months and will end in July 2016. Meanwhile, the budget for the project will be reduced to KRW 5,366 million from the originally projected KRW 6,400 million. The development project was selected as one of the World Class 300 Projects sponsored by the Korean Ministry of Knowledge Economy, and 50 percent of the total development cost will be provided by the government. (From a press release on October 2, 2014)

-In April 2012, the Company developed oil pump control valves (OPCVs).

-In March 2009, the Company developed EGR bypass valves for low emission.

-In January 2009, the Company developed solenoid valves for 8-speed automatic transmissions.

R&D Achievements

Jun. 2015 PSA OPCV Valve
Sep. 2015 6-speed 2nd generation automatic transmission solenoid valve
Feb. 2016 Chinese solenoid valve
Jan. 2017 Gamma CVT solenoid valve
Mar. 2017 Front-wheel 8-speed solenoid valve
Oct. 2017 Chinese DAE solenoid valve
Nov. 2017 Hydrogen control valve for second-generation fuel-cell batteries

Technical Partnerships

Area of alliance
Feb. 1991 Tosok
*Currently Nidec Tosok
Hydraulic solenoid valve for automotive transmissions
Aug. 1991 Jeco
3-meters for the Jeep
Nov. 1996 Siemens
Electronic distribution system for the Hyundai "Atos" (MX)
Sep. 1997 Jeco
Automotive multi meters
Apr. 2007 Nidec Tosok
Small solenoid valves
Jun. 2008 Nidec Tosok
6-speed solenoid valves