S&T Motiv Co., Ltd. (Formerly S&T Daewoo Co., Ltd.) Business Report FY ended Dec. 2018
Financial Overview (Consolidated) |
(in millions KRW) |
| FY ended Dec. 31, 2018 |
FY ended Dec. 31, 2017 |
Rate of change | Remarks | |
| Sales | 1,058,426 | 1,137,470 | (6.9) | Sales by product (Ratio) -Suspension parts: KRW 91,992 million (8.3%) -Electronics: KRW 112,166 million (10.1%) -Motors: KRW 324,595 million (29.1%) -Airbags: KRW 60,382 million (5.4%) -Engine parts: KRW 277,366 million (24.9%) |
| Operating income | 56,281 | 96,737 | (41.8) | - |
| Net income | 57,225 | 59,056 | (3.1) | - |
R&D Structure
-The Company conducts its development activities mainly at its technical research center in Busan.
-The Company has a total of 134 researchers at its technical research center and electronic component as of December 31, 2018.
-S&T Daewoo Automotive Components (Kunshan) Co., Ltd. established a research center in March 2016.
R&D Expenses |
(in millions KRW) |
| FY ended Dec. 31, 2018 | FY ended Dec. 31, 2017 | FY ended Dec. 31, 2016 | |
| Amount | 19,390 | 24,359 | 23,980 |
| % of Sales | 1.8% | 2.1% | 2.1% |
Development Activities by Business Division
|
Business |
Overview |
| Motor | - The Company is increasing its shares in the powertrain motor and sunroof motor markets. - The Motor-Driven Power Steering (MDPS) systems, brushless motors, and high-power motors made by the Company are featured in an increasing number of vehicle models. - The Company is developing motors for use in next generation vehicles as well as motors to support X-by-wire technology. |
| Electronic | - The Company developed remote keyless entry systems in 1986. After that, it developed immobilizers and body control modules (BCMs), which are now being mass produced. - Recently it developed a motor-integrated sunroof controllers with an anti-pinching protection function. - The Company is developing in-vehicle cameras and display modules. |
| Vehicle Information System |
- In 1987, the Company formed a technical alliance with Calsonic Kansei Corporation. - In 1995, the Company successfully developed instrument panels in-house. - The Company is developing Full TFT clusters for multimedia interface. |
| Chassis | - In the initial stage, the Company developed its chassis business by collaborating with Boge of Germany, which is now called ZF Sachs. - After that, it developed chassis products on its own, supplying them for use in new vehicle models. - Currently it is transferring its technology to Gabriel India. |
| Airbag | - In the initial stage, the Company developed its airbag business through its technical collaboration with TRW and Breed (now called KSS) based in the U.S. - After that, the Company was successful in developing airbags on its own. |
| Engine components |
- In the initial stage, the Company conducted its development activities based on a technical partnership with AC Rochester (now called AC Delco). - After that, it developed engine components on its own, supplying them for use in new vehicle models. - The Company developed and started commercial production of semi-electronic control throttle bodies in order to support increased use of electronic parts in automobiles. |
Recent Developments
| TNBs (For the PSA K0 project) |
Jan. 2014 - Jan. 2016 |
| Instrument panels (For the GM Uzbekistan M150, T250, J200) |
May 2014 - Apr. 2016 |
| Oil pumps (For GM) |
Jan. 2015 - Feb. 2018 |
| Traction motors (For FCEVs) |
Feb. 2015 - Dec. 2015 |
| BWTTS E-GEAR actuators (For Chinese market) |
Jan. 2015 - Oct. 2015 |
| ASG DRB motors (For European market) |
Jan. 2015 - Mar. 2016 |
| EV traction motors (For Hyundai Kia) |
Nov. 2014 - Apr. 2016 |
| R-MDPS motors (For Hyundai Mobis) |
Jul. 2015 - Mar. 2017 |
| Transfer cases (For Magna) |
Jun. 2015 - Apr. 2017 |
| Room mirror displays (For PSA) |
Nov. 2015 - Feb. 2018 |
| Instrument panels (For GM 9BUX) |
Oct. 2016 - Apr. 2019 |