Hwaseung R&A Co., Ltd.
Company Profile
Business Overview
-The Company is a major company in Korea producing automotive rubber products. Its main products include hoses and weather strips.
-In 2021, Hwaseung Corporation spun off its automotive parts business, turning the business into Hwaseung R&A, i.e., the Company.
Shareholders
(As of Dec. 31, 2022)
| Major Shareholders | Interest Ratio (%) |
| Hyun, Ji Ho | 21.96 |
| Hyun, Seung Hoon | 13.48 |
| Hwaseung Corporation | 11.27 |
| Hwaseung Industries Co., Ltd. | 9.26 |
| Total | 55.97 |
Products
Weather Strip
-Front Glass Molding
-Hood(seal) Weather Strip
-Sun Roof Weather Strip
-Rear Glass Molding
-Glass Run (Run Channel)
-Fixed Weather Strip
-Door Opening Weather Strip
-Door Seal Weather Strip
-Door Drip Weather Strip
-Trunk Lid
-Door Belt Inner
-Door Belt Outer
Hose
-Air conditioning hose
-Power steering return hose
-Fuel hose
-Radiator hose
-Brake vacuum hose
-Heater hose
-Fuel filler hose
-Power steering pressure hose
-Hydraulic brake hose
-Intercooler hose
History
| Oct. 1978 | Tong Yang Chemical Co., Ltd. was established. |
| Dec. 1984 | The Company moved its headquarters from Pusang to Yangsan. |
| Feb. 1988 | The Company name was changed to HS Chemicals Co., Ltd. |
| Nov. 1988 | The Company formed a technical alliance with Nichirin Co., Ltd. in the area of automotive hydraulic brake hoses. |
| Feb. 1991 | The Company became a public-owned company. |
| Apr. 1991 | The Company formed a technical alliance with Nichirin Co., Ltd. in the area of automotive power steering hoses. |
| May. 1991 | The Company established its R&D center. |
| Feb. 1993 | The Company formed a technical alliance with Nichirin Co., Ltd. in the area of automotive air conditioning hoses. |
| May. 1994 | The Company acquired ISO9001 certification. |
| Jun. 1995 | The Company completed construction of Cheongwong Plant in Chungcheongbuk-do. |
| Sep. 1995 | The Company acquired a controlling interest of HS Climate Control Industries Co., Ltd. |
| Jan. 1996 | The Company acquired 100 percent of the shares in Hwaseung Climate Control Industries Co., Ltd., making it its wholly owned subsidiary. |
| Jan. 1996 | The Company acquired 100 percent of the shares in Hwaseung Material Co., Ltd., making it its wholly owned subsidiary. |
| Nov. 1997 | The Company established HSI Automotive Ltd. in India. |
| Feb. 1998 | The Company name was changed to HS (Hwaseung) R&A Co., Ltd. |
| Dec. 1998 | The Company acquired QS9000 certification. |
| Jan. 2002 | The Company established Hecheng Vehicle Parts (Taicang) Co., Ltd. in China. |
| Mar. 2003 | The Company established HS Automotive Alabama Inc. in the U.S.A. |
| Jul. 2003 | The Company established Beijing Hecheng R&A Vehicle Parts Co., Ltd. in China. |
| May. 2004 | The Company acquired ISO/TS16949:2002 certification. |
| Dec. 2004 | The Company formed a comprehensive business alliance with Nichirin Co., Ltd. |
| Feb. 2006 | The Company acquired ISO14001 certification. |
| May. 2006 | The Company established Hwaseung Special Rubber (Taicang) Co., Ltd. in China. |
| Jan. 2007 | The Company established Hwaseung Detroit Networks, Inc. in the U.S.A. |
| Apr. 2007 | The Company spun off its industrial rubber products business, establishing in its place Hwaseung Exwill Co., Ltd. |
| Dec. 2008 | HS Automotive Alabama, Inc. (the Company’s USA subsidiary) acquired and absorbed the operations of Hwaseung Detroit Networks, Inc. |
| Dec. 2009 | Hwa Young Vehicle Parts (Taicang) Co., Ltd. in China was merged into Hecheng Vehicle Parts (Taicang) Co., Ltd., also a subsidiary of the Company. |
| Jul. 2011 | The Company formed a business alliance with Kinugawa Rubber Industrial Co., Ltd. of Japan. |
| May 2012 | The Company established HSTR Otomotiv. San Tic. Ltd. Sti in Turkey. |
| Mar. 2013 | Acquired 100 percent of the equity in Hwaseung T&C Co., Ltd. |
| Nov. 2014 | The Company established Hwaseung Automotive Mexico, S. De R.L. De C.V. in Mexico. |
| Apr. 2015 | Split the US corporation into two entities, establishing Hwaseung Automotive Alabama LLC. and Hwaseung Automotive USA LLC. |
| Jun. 2015 | The Company established Hwaseung Automotive Industria De Borracha E Comercio Brasil Ltda. in Brazil. |
| May 2016 | The Company established Hecheng Vehicle Parts (Chongqing) Co., Ltd. in China. |
| Oct. 2017 | The Company established Hwaseung Vehicle Parts (Jingshan) Co., Ltd. in China. |
| Oct. 2017 | The Company established Hwaseung IA Automotives Private Limited in India. |
| May, 2018 | The Company established Hwaseung Vietnam Haiphong Automotive Co., Ltd. |
| Feb. 2021 | Hwaseung Corporation revised its business organization, with it remaining in charge of investments and non-automotive parts, and Hwaseung R&A taking charge of the automotive parts business. |