Hyundai Dymos, Inc. Business Report up until FY ended Dec. 2013
Financial Overview (Consolidated)
|(in millions of won)|
|FY ended Dec. 31, 2013||FY ended Dec. 31, 2012||Rate of
-The Company plans to establish a production facility in Mexico with the aim of manufacturing and supplying auto parts for General Motors' "Global Small Vehicle Project". The new factory started mass-production in September 2012.
-The Company established a seat production subsidiary in Brazil in November 2009 for supply to Hyundai Motor's car assembly plant in the country. The new factory started mass-production in September 2012.
-In July 2008, the Company acquired a 65 percent share in Hanil Lear India Private Limited of India, changing the name of the Indian subsidiary to Dymos Lear India Private Limited.
-In November 2007, the Company established Dymos India Automotive Private Limited, a car seat production company in India. The new subsidiary has 23.45 million won in registered capital, which was fully funded by Dymos.
-In December 2006, the Company established Dymos Czech Republic s.r.o, an auto seat production subsidiary in the Czech Republic.
-In January 2013, the Company established Sichuan Hyundai Dymos Automotive System Co. Ltd. in China. This new subsidiary will manufacture transmissions for commercial vehicles. It will be capitalized at 4,015 million won, which will be fully provided by Hyundai Dymos. (From a press release, May 15, 2013)
-In December 2012, Hyundai Dymos acquired all the Beijing Mobis Transmission shares that had been owned by Hyundai Mobis for 120,375 million won. These shares represent 31.96 percent of the outstanding Beijing Mobis Transmission shares. Beijing Mobis Transmission thereby adopted a new corporate name, Beijing Dymos Transmission Co., Ltd. (From a press release, March 29, 2013)
-Beijing Lear Dymos Automotive Seats & Interiors Co., Ltd. of China has produced an aggregate total of one million seats since it started production in 2005. (From a press release on Sep. 19, 2010)
Contracts-Automotive Seat System Dymos Mexico S. de R.L. de C.V. is supplying seats for the Chevrolet Trax compact SUVs, which are produced at General Motor's plant in Mexico. Automotive Seat System Dymos Mexico is Hyundai Dymos' wholly owned subsidiary located in San Luis Potosi, Mexico. (From a press release on October 1, 2013)
-The Company will supply 35,000 electric shift transfer (EST) cases a year to UAZ, a Russian automaker. The EST is the first product of its kind developed in-house by a Korean company. (From a press release on September 30, 2011)
-The Company's transmissions, axles, and seats are featured in both the Hyundai Genesis luxury sedans and the Kia Mohave large SUVs.
-The Company's headquarters plant in Seosan (the powertrain division) was awarded a Five-Star Rating for Quality for the first half of 2010 from the Hyundai Kia Automotive Group. The plant was highly acclaimed for its ability to consistently mass produce a stable supply of high-quality products, including new transmissions. (From a press release on Aug. 16, 2010)
R&D Structure-In September 2004, the Company established Dymos of America in Detorit, U.S.A. The new company conducts research and development activities in the area of car seats.
-In January 2007, the Company, WIA of the Hyundai Motor Group, and Hyundai Powertech jointly established Hwaseong Drivetrain R&D Center, which specializes in the development of drivetrain systems.
|Dongtan Seat R&D Center||Hwaseong,
|This facility was completed in Mar. 2007.|
|Hwaseong Powertrain R&D Center||Hwaseong,
|This facility was established jointly by WIA of the Hyundai Motor Group, Hyundai Powertech, and the Company. It was completed in Jan. 2007.|
|Dymos of America||Farmington Hills,
|This facility conducts R&D activities on automotive seats|
R&D Expenses (Non-consolidated)
|(in millions of won)|
|FY ended Dec. 31, 2013||FY ended Dec. 31, 2012||FY ended Dec. 31, 2011|
|% of Sales||3.6%||3.4%||2.9%|
Recent Developments-In August 2013, Hyundai Dymos, Hyundai Motor's Namyang technical research center, and Inzi Controls announced that they have jointly developed a new technology to produce air pressure control valves for automotive seats. The piezo-ceramic actuator of the valve is expected to improve seat adjustment maneuverability. The valve will be used on a new luxury vehicle that Hyundai Motor plans to begin production in November 2013. (From a press release on August 29, 2013)
-In July 2013, the Company announced that it has developed a rear seat cushion frame made from polypropylene composites. The new frame is 12 percent lighter in weight and 10 percent lower in cost compared with an existing steel frame. The seat frame is used on the Kia Motors' K9. (From a press release on July 15, 2013)
|Transmission||-Five types of transmission systems for vehicles meeting 08 emission regulations.
-Transmission systems designed for cars used in Russia.
|Axle||-Axles for passenger vehicles
Successor model to the Hyundai / Genesis (DH)
Successor model to the Hyundai / Equus (VI)
Successor model to the Hyundai / Genesis Coupe (VK)
-Axles for SUVs
Successor model to the Kia / Mohave (UM)
Successor model to the Hyundai / Sorento (XM)
Successor model to the Hyundai / Sportage (SL)
Hyundai / Grand Starex (TQ)
-Eight types of axles for vehicles meeting 2008 emission standards
-Axles for the Ssangyong and export models.
-Seats for passenger vehicles