Hwashin 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 | 1,313,606 | 1,483,548 | (11.5) | Sales breakdown for FY ended Dec. 31, 2014 Members: 318,417 million won (24.2%) Arms : 153,385 million won (11.7%) |
| Operating income | 41,151 | 66,366 | (38.0) | - |
| Net income | 43,899 | 1,615 | 2,618.2 | - |
Contracts
-In August 2014, the Company announced that it will supply its brake pedal assemblies for both the Model S sedan and the Model X crossover SUV from Tesla, an electric vehicle manufacturer in the U.S. Brake pedal production for the Model S will begin in December 2014, and that for the Model X will start in May 2015. (From a press release on August 28, 2014)
-In August 2014, the Company announced that it will supply fuel line covers to Dacia in the Renault Group. The fuel line covers will be used on the Duster crossover SUV. Hwashin will produce these products, starting in December 2014. (From a press release on August 28, 2014)
R&D Structure
-In August 1987, the Company established Hwashin Technical Research Center to conduct product designing, calculation and analysis, research on next generation technology, testing, prototype production, and engineering of production lines and dies.
R&D Expenditure (Consolidated) |
(in millions of won) |
| FY ended Dec. 31, 2014 | FY ended Dec. 31, 2013 | FY ended Dec. 31, 2012 | |
| Amount | 24,844 | 23,131 | 15,701 |
| % of Sales | 1.9 | 1.6 | 1.0 |
Models in Which the Company's Products are Used
| Customer | Model (Development code) |
Products | |
| Mass production scheduled to start in Dec. 2016 | Hyundai | The successor model to the Grandeur (IG) |
Front cross member semi modules |
| Mass production scheduled to start in Jun. 2016 | Beijing Automobile Works | C32B | Front cross members Front lower arms Coupled torsion beam axles (CTBAs) |
| Mass production scheduled to start in Jun. 2016 | Hyundai (China) | The successor model to the Accent (YC) |
Front cross member semi modules Coupled torsion beam axles (CTBAs) |
| Mass production scheduled to start in Apr. 2016 | Hyundai | The successor model to the Avante (Sport type) (AD) |
Rear cross members Rear lower arms Upper arms |
| Mass production scheduled to start in Mar. 2016 | Hyundai (China) | The successor model to the Avante (ADC) |
Luggage bars |
| Mass production scheduled to start in Jan. 2016 | Kia | The successor model to the K7 (YG) |
Front cross member semi modules |
| Mass production scheduled to start in Dec. 2015 | Hyundai (U.S.A) | The successor model to the Avante (ADA) |
Front cross member semi modules Coupled torsion beam axles (CTBAs) |
| Mass production scheduled to start in Oct. 2015 | Nissan | I2 (Project name) | Cowl bar assemblies |
| Mass production scheduled to start in Oct. 2015 | Hyundai | The successor model to the Avante (AD) |
Coupled torsion beam axles (CTBAs) |
| Mass production scheduled to start in Sep. 2015 | Hyundai (China) | The successor model to the Tucson (TLC) |
Front cross member semi modules Rear cross members Rear lower arms Upper arms |
| Mass production scheduled to start in Sep. 2015 | Beijing Automobile Works | C51E | Rear cross members |
| Mass production scheduled to start in Sep. 2015 | Kia (U.S.A) | The successor model to the K5 (JFA) |
Front cross member semi modules Rear cross members Rear lower arms Upper arms |
| Mass production scheduled to start in Jul. 2015 | Hyundai (India) | Compact SUV (GS) |
Center floors Cowls Front cross members Coupled torsion beam axles (CTBAs) Fuel tanks Bumpers Cowl cross bars Heat protectors |
| Mass production scheduled to start in Jun. 2015 | Volkswagen | Golf | Brackets |
| Mass production scheduled to start in Jun. 2015 | Tesla | Model X | Brake pedal assemblies Brake pads PIN assemblies |
| Mass production scheduled to start in Jun. 2015 | Kia | The successor model to the K5 (JF) |
Front cross member semi modules |
| Mass production scheduled to start in May 2015 | Tesla | Model S | Brake pedal assemblies Brake pads PIN assemblies |
| Mass production scheduled to start in Feb. 2015 | Hyundai (China) | The successor model to the YF Sonata (LFC) |
Front cross members Coupled torsion beam axles (CTBAs) Fuel tanks |
| Dec. 2014 | Ford (via Faurecia) |
B515 LHD (Ford EcoSport) |
Center cross bars |
| Nov. 2014 | Kia (U.S.A) | The successor model to the Sorento R (UMA) |
Front cross member semi modules |
| Oct. 2014 | Nissan | H79 facelift model (Small SUV) | Fuel lines |
| Sep. 2014 | Hyundai | CUV for China (GC) |
Front cross members Coupled torsion beam axles (CTBAs) Fuel tanks |
| Aug. 2014 | Kia | The successor model to the Sorento R (UM) |
Rear cross members Rear lower arms |
| Aug. 2014 | Hyundai | The successor model to the i20 (IB) |
Center floors Cowls Front cross members Coupled torsion beam axles (CTBAs) Bumpers Cowl cross bars |
| May 2014 | Hyundai (U.S.A) | The successor model to the YF Sonata (LFA) |
Package trays (rear) Front cross members Rear cross members |
| Apr. 2014 | Kia | The successor model to the Soul EV (PS EV) |
Frame assemblies |
| Mar. 2014 | Hyundai | The successor model to the YF Sonata (LF) |
Front cross members Lower arms |
| Jan. 2014 | Nissan | K2 (Project) | Fuel tanks Center cross bars |
Technical alliance
| Partner | Country | Area of alliance |
| F. Tech, Inc. | Japan | Die technology for auto parts production |