Hyundai Dymos, Inc. 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 (%)
Sales 2,550,729 2,185,539 16.7


Operating income 57,260 73,267 (21.8) -
Net income 32,904 84,834 (61.2) -


-The Company announced that its revenues from the sale of electric shift transfer cases reached KRW 19.2 billion in 2014. The company has been supplying these transfer cases for Russia-based UAZ's Patriot SUV since 2013. The products are also used on Hyundai Motor's Grand Starex minivan. In addition, the company will deliver these components to Chinese automakers, and expects to boost its revenues from the product to KRW 48.5 billion by 2018. (From a press release on February 17, 2015)

-The Company has received an order to supply seats for 270,000 units of GM's Global Small Vehicles (GSVs). Production will be carried out at Automotive Seat System Dymos Mexico S de R.L. de C.V., Hyundai Dymos' Mexican subsidiary, starting in December 2014. The program, which covers the period through 2019, is expected to generate USD 240 million (KRW 250 billion) in sales. (From a press release on July 3, 2014)

R&D Structure

Facility Location Overview
Dongtan Seat R&D Center Hwaseong,
This facility was completed in March 2007.
Hwaseong Powertrain R&D Center Hwaseong,
This facility was established by three companies of the Hyundai Motor Group; Hyundai WIA, Hyundai Powertech, and the Company. It was completed in January 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, 2014 FY ended Dec. 31, 2013 FY ended Dec. 31, 2012
Amount 78,400 57,700 48,300
% of Sales 4.0% 3.6% 3.4%

Recent Developments

-The Company has developed a 6-speed automated manual transmission (AMT) for Hyundai Motor's parallel hybrid commercial vehicles. The AMT will be featured on the automaker's new Compressed Natural Gas (CNG) hybrid bus that will be released in 2015. (From a press release on July 8, 2014)

-The Company and Hyundai Motor have jointly developed an active headrest. At the time of rear-end collisions, the headrest is designed to move 6 to 6.5-centimeter forward to prevent an occupant's head from snapping backward, which often causes whiplash injuries. When in-vehicle sensors detect an accident, the mechanism will be activated within 0.06 second. (From a press release on May 14, 2014)

Product Recent developments
Transmission -DCT for for passenger vehicles and AMT for hybrid buses
-MT for small-, medium- and heavy- buses and trucks
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 / Tucson (TL)
Hyundai's small SUV for Chinese market (GC)

-Axles for commercial vehicles
Hyundai / Grand Starex (TQ)
Hyundai / Porter (HR)

-Axles for small-, medium- and heavy- buses and trucks
-Axles for the Ssangyong and export models.

-Seats for passenger vehicles (production models)

Successor model to the Hyundai / Sonata
Successor model to the Hyundai / Genesis
Hyundai / Equus
Hyundai / Grandeur
Kia / K9

-Seats for passenger vehicles (new development models)
Successor model to the Hyundai / Equus
Successor model to the Hyundai / i20

Investment in Korea

-The Company started mass-producing its 7-speed dual clutch transmissions (DCTs) at its new second plant in Seosan, Chungcheongnam-do. The new factory is capable of producing 300,000 DCTs per year. DCTs manufactured at this plant will be installed as optional equipment on Hyundai Motor's LF Sonata. (From a press release on June 17, 2014)

Investment outside Korea

-The Company established Hyundai Dymos Slovakia s.r.o. in July 2014 to manufacture automotive parts.

-The Company announced that Hyundai Dymos Georgia, LLC, its seat production subsidiary in West Point, Georgia, U.S.A., began mass production. The plant is capable of producing seats for 150,000 vehicles per year. These seats will be used on vehicles such as the Kia Sorento built at Kia Motors Manufacturing Georgia (KMMG). (From a press release on November 17, 2014)

-The Company announced that Sichuan Hyundai Dymos Automotive System Co. Ltd. started mass-production at its new plant in April 2014. The plant has the capacity to produce 20,000 transmissions, 52,000 front axles and 50,000 rear axles for commercial vehicles per year. These powertrain products will be supplied to Sichuan Hyundai Motor in Ziyang. (From a press release on April 30, 2014)