Hyundai WIA Corporation (Formerly WIA Corporation) Business Report FY ended Dec. 2015

Highlights in Recent Years

Financial Overview (Consolidated)

(in millions of won)
FY ended Dec. 31, 2015 FY ended Dec. 31, 2014 Rate of
Change (%)
Sales 7,884,188 7,595,605 3.8 -Sales at the automotive division totaled 6,694,742 million won, which made up 84.9 percent of the overall sales.
Operating income 500,933 525,640 (4.7) -
Net income 326,783 439,188 (25.6) -

-The Company expects its sales to reach KRW 8,448,000 million in 2016. (From a press release on January 27, 2016)


-Hyundai Dymos announced that it will acquire the manual transmission business of Hyundai WIA for KRW 32,243 million. Hyundai Dymos aims to boost its transmission business, while Hyundai WIA intends to focus on powertrain and machine tool business after the transfer. (From a press release on November 30, 2015)


-The Company announced that it has produced an aggregate total of over 100 million constant velocity joints (CV joints) since it began producing them in April 1988. In November 2014, the company increased its annual capacity in Jiangsu, China to 2.2 million units by adding a new line, which is capable of producing 800,000 units/year. In April 2015, it established a production structure to produce 1.6 million units of CV joints per year in India. In the first half of 2016, it started mass producing CV joints in Mexico, planning to produce over 200,000 units per year. The company's CV joints are used on vehicles including the Genesis EQ900 from Hyundai Motor and the Chevrolet Spark and Chevrolet Cobalt from General Motors. (From a press release on March 21, 2016)

-The Company announced that its aggregate production of transfer cases reached 5 million units at the end of March 2015. The company's transfer cases are used on models including the Santa Fe and Tucson from Hyundai Motor, the Sorento and Sportage from Kia Motors, and all SUV models from both Hyundai and Kia. (From a press release on April 6, 2015)

R&D Structure

Facility Location
Automotive Parts Research Institute Uiwang,
Hwaseong Drivetrain R&D Center Hwaseong,
Hyundai WIA America Technical Center Farmington Hills,

R&D Expenditure (Consolidated)

(in millions of won)
FY ended Dec. 31, 2015 FY ended Dec. 31, 2014 FY ended Dec. 31, 2013
Amount 66,218 70,979 53,901
% of Sales 0.8% 0.9% 0.8

Investment in Korea

-The Company announced that it will establish an engine plant in the Seosan Auto Valley in Chungcheongnam-Do. The company will invest KRW 265.1 billion in this project, expecting that demand for diesel engines will grow in the medium- to long-terms. The project will begin in February 2016 and is scheduled to be completed in June 2017. (From a press release on February 19, 2016)

Investment in other countries

-In January 2015, the Company has signed an agreement with the state of Nuevo Leon, Mexico to build a plant in Pesqueria in the suburbs of Monterrey. The company will invest approximately KRW 400 billion in this project, planning to complete the construction by the end of 2016. The Mexican facility will produce engines, constant velocity joints, and other vehicle parts for automakers' plants in Mexico. (From a press release on January 16, 2015)

Recent Capital Investment Projects/Automotive Parts

(in billions of won)
Amount invested
(FY ended Dec. 31, 2015)
Planned amount of investment Total Purpose of
Automotive parts 125.1 25.8 150.9 -Preparing production lines to manufacture components for new vehicle models and developing new technologies