Hyundai Dymos, Inc. 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 (%) |
Remarks | |
| Sales | 3,199,821 | 2,550,729 | 25.4 |
- |
| Operating income | 110,114 | 57,260 | 92.3 | - |
| Net income | 71,656 | 32,904 | 117.8 | - |
Business plan
-The company announced that its cumulative sales at its seat business, which was launched in October 2004, have reached KRW 2 trillion. The company currently produces seats not only in Korea, but also in China, the Czech Republic, India, Brazil and Mexico. In addition, it acquired Hyundai Mseat Co., Ltd. to further strengthen the business segment. The company aims to increase its overall annual sales to KRW 10 trillion by 2020. It will boost sales at both its seat division and powertrain division to achieve this target. (From a press release on December 2, 2015)
Acquisition
-The company announced that it will acquire the manual transmission business of Hyundai WIA for KRW 32,243 million. The company 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)
Company establishment
-The company established a new production company in Cangzhou, Hebei Province, China in April 2015. The new facility will produce automotive seats, starting in October 2016. It will manufacture 220,000 sets of seats for the successor to the Hyundai Verna and 80,000 sets of seats for the Hyundai Tucson per year. Furthermore, the company also established a production company in Chongqing, China in June 2015. The Chongqing facility will supply seats for small and mid-size vehicles, beginning in November 2016. Its annual output is expected reach 300,000 units. (From a press release on June 1, 2015)
Contracts
-In May 2015, the company received a contract from Changan Automobile of China to supply axles for 600,000 rear-wheel-drive vehicles through 2020. In June 2015, it won a program to deliver 600,000 6-speed manual transmissions for Shanghai Automobile's rear-wheel-drive vehicles. This agreement is for a period between 2017 and 2026. During the first half of 2015, the company won contracts worth KRW 720 billion in total. Sales from business with foreign automakers accounted for 7 percent of the overall sales. The company aims to increase this percentage to 21 percent by 2020. (From a press release on July 20, 2015)
Award
-Dymos Powertrain System (Rizhao), which is Hyudai Dymos' Chinese subsidiary, has received a technology award from SAIC MAXUS. The company was chosen as a supplier to SAIC MAXUS in the first half of 2015. It is planning to mass produce 6-speed manual transmission for the automaker's rear-wheel-drive model in 2017. (From a press release on March 21, 2016)
R&D Structure
| Facility | Location | Overview |
| Korea | ||
| Dongtan Seat R&D Center | Hwaseong, Gyeonggi-do |
This facility was completed in March 2007. |
| Hwaseong Powertrain R&D Center | Hwaseong, Gyeonggi-do |
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. |
| USA | ||
| Dymos of America | Farmington Hills, Michigan |
This facility conducts R&D activities on automotive seats |
R&D Expenses (Non-consolidated) |
(in millions of won) |
| FY ended Dec. 31, 2015 | FY ended Dec. 31, 2014 | FY ended Dec. 31, 2013 | |
| Amount | 82,100 | 78,400 | 57,700 |
| % of Sales | 3.7％ | 4.0％ | 3.6% |
Recent Developments
-The Company announced that the company and Inzi Controls have jointly developed a comfort seat system with pneumatic control technology. The new seat system is expected to add more than KRW 54 billion to Hyundai Dymos' sales in Korea in 2017. (From a press release on September 22, 2015)
-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. |
| Transfer case | Electronically controlled transfer case for SUVs |
| Seat |
-Seats for passenger vehicles (production models) |
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)