HL Mando Corporation (Formerly Mando Corporation)
Company Profile
■URL
https://www.hlmando.com/en/main.do
■Address
Business Overview
-Mando is a Korean parts manufacturer of brakes, steering, suspension, and ADAS-related products. The company is a major player in Korea following the Hyundai Group (Hyundai Mobis, Transys, and WIA) and Hanon Systems.
-The company consists of the following three business segments
| Segment | Business |
| Breaks |
Manufacturing of brake systems including ABS (anti-lock brake system), TCS (traction control system), MBS (mechanical brake system), EPB (electric parking brake), and AHB (active hydraulic booster). |
| Steering | Manufacturing of EPS (electric power steering) and HPS (hydraulic power steering). In addition to Korean OEMs, the company supplies products to GM, Renault, Nissan, and others. |
| Suspensions | Manufacturing of ECS (electronically controlled suspension), mono-tube type suspension, DFD (dual flow damper), and HCD (hybrid conventional damper). |
-In September 2022, the company changed its name to HL Mando.
Shareholders
| Main Shareholder | Investment ratio (%) |
| Halla Holdings Corp. | 30.25 |
| National Pension Public Corporation | 11.07 |
| Others | 58.68 |
| 100.00 |
Products
Brake System
-Caliper brakes
-Drum brakes
-Master cylinder and boosters
-ABS (anti-lock brake system)
-ESC (electronic stability control)
-AHB (active hydraulic booster)
-EPB (electric parking brake)
‐EMB (Electro mechanical brake)
-IDB2 Base (Integrated dynamic brake)
-IDB2 HAD (Integrated dynamic brake for highly autonomous driving)
-MGH-100AD
-Premium mono block caliper
Steering System
-Steering gear systems
-Manual steering gears
-Hydraulic power steering gears
-Intermediate shafts
-Steering columns
-EPS (Electric power steering)
-C-EPS (Column type electric power steering)
‐R-EPS (Rack type electric power steering)
-DP-EPS (Dual pinion type electric power steering)
-BN-EPS (Ball-nut type electric power steering: SteeRex)
-STO (Steering torque overlay)
-RWS (Rear wheel steering)
-ELTT (Electric lower tilt and telescopic column)
Suspension System
-Damper spring modules
-Shock absorbers
-Suspension struts
-Self-levelizers
-Semi-active suspensions
-SDC (Smart damping control)
Driver Assistance System
-SCC (smart cruise control systems)
-LKAS (lane keeping assist systems)
-Smart parking assist systems
-Blind spot detection systems
-Autonomous emergency braking systems
Electronics & Iron Casting
-Power Pack
-Yaw & G Sensor
-Ultrasonic Sensor
-Torque Sensor
-Torque Angle Sensor
-77GHz/24GHz Radar
-Front Camera Module
EV Solutions
‐Steer by wire
-Brake by wire
-Smart frequency damper
-Hydraulic compression stop
-Smart damping control
-FDC (Fuel cell DC-DC converter)
-OBC (On-board charger)
-V2L (Vehicle to load)
-e-Drive
Autonomous driving solutions)
-Forward radar
-Corner radar
-In-vehicle radar
-High-resolution forward camera
-In-vehicle radar
-3D scanning LiDAR
-Autonomous driving integrated controller
-Autonomous Parking integrated controller
-Autonomous driving software
-Autonomous emergency braking & steering
-Lateral support system
-Speed assist system
-Adaptive cruise control (ACC)
-Lane centering assist system (LCS)
-Highｗay assist (HWA)
-Highway pilot (HWP)
-Remote parking assist
-Rear-autonomous braking
-Surround view monitoring
-Vehicle braking controller
-Vehicle steering controller
-Virtual engine sound system
-Reduction catalyst controller
-Fuel pump controller
-Torque/Torque angle sensor
History
| Oct. 1962 | The Company was established. |
| Feb. 1980 | The Company changed the Company name to Mando Machinery Corporation. |
| Mar. 1988 | The Company set up a brake system plant in Pyeongtaek. |
| Aug. 1988 | The Company set up a steering system plant in Wonju. |
| Dec. 1993 | The Company and Robert Bosch established a 50-50 joint venture company, Korea Automotive Motor Corporation (KAMCO). |
| Oct. 1994 | The Company established Autoventure Mando Sdn. Bhd. (A.V.M) in Malaysia. |
| Sep. 1995 | The Company set up a suspension system plant in Iksan. |
| Oct. 1996 | The Company established Maysan Mando Otomotive Parcalari Sanayi Ve Ticaret A.S. in Turkey. |
| Sep. 1997 | The Company established Mando Brake Systems India Private Ltd. in India. |
| Dec. 1999 | The Company adopted a new name, Mando Corporation. |
| Oct. 2000 | The Company established Autoliv-Mando jointly with Autoliv of Sweden. The new joint venture is capitalized at 10 million US dollars, of which 35 percent was provided by the Company and 65 percent by Autoliv. |
| Jan. 2001 | The Company sold airbag business to Autolive Mando. |
| Jul. 2001 | The Company started supplying steering columns to Ford. |
| Nov. 2001 | The Company started supplying brake systems to DaimlerChrysler. |
| Jul. 2002 | The Company sold module business to Hyundai Mobis. |
| Jul. 2002 | The Company established Mando (Suzhou) Automotive Chassis System Co.,Ltd. in China |
| Oct. 2002 | The Company established Mando (Harbin) Automotive Chassis System Co.,Ltd. in China. |
| Nov. 2002 | The Company established an R&D center in Giheung, Korea. |
| Jan. 2003 | The Company established Mando (Beijing) Automotive Chassis System Co.,Ltd. in China. |
| Jun. 2003 | The Company established Mando (Beijing) Automotive Components R&D Center Co.,Ltd. in China. |
| May. 2004 | The Company established Mando America Corporation Alabama in Alabama, U.S.A. |
| Jul. 2004 | The Company succeeded in developing Electronic Stability Program (ESP) independently for the first time in Korea. |
| Dec. 2004 | The Company established Mando (Tianjin) Automotive Parts Co.,Ltd. in China. |
| Jul. 2005 | The Company established Mando Beijing R&D Center Shanghai branch office in China. |
| Jul. 2005 | The Company established Mando Softtech India in India. |
| Apr. 2006 | The Company was chosen as "Supplier of the year 2005" by GM. |
| Sep. 2006 | The Company received the Q1 Award from Ford. |
| Jan. 2007 | The Company transferred a 35 percent share it held in Autoliv-Mando to its joint venture partner, Autoliv of Sweden. |
| Mar. 2008 | Halla Engineering& Construction Corp. acquired the majority shares in the Company from Sunsage B.V. The Company thereby rejoined the Halla Group for the first time in nine years. |
| Mar. 2008 | The Company established Halla Stackpole Co., Ltd. through a joint investment with Stackpole Ltd. of Canada. |
| Jul. 2008 | The Company established Halla Stackpole (Beijing) Automotive Co., Ltd. in China. |
| Oct. 2008 | The Company established Mando-Hella Electronics Corp. through a joint investment with Hella KGaA Hueck& Co. of Germany. |
| Jul. 2009 | The Company was awarded a contract to supply brake calipers to the Peugeot Citroen Group, winning its first business from an European automaker. |
| May. 2010 | The Company was listed on the Korea Exchange. |
| Jan. 2011 | The Company established Mando (Ningbo) Automotive Parts Co., Ltd. through a joint investment with Geely of China. |
| Jan. 2011 | The Company established Mando-Brose Corporation in Korea through a joint investment with Brose of Germany. |
| May. 2011 | The Company established KYB-Mando do Brasil Fabricante de Autopecas S.A. in Brazil through a joint investment with KYB of Japan. |
| May. 2012 | Mando Corporation de Brasil (MCB) completed plant construction. |
| Sep. 2012 | The Company established the Mando Global R&D Center. |
| Nov. 2013 | The Company acquired 80.0 percent in DSP-Weuffen GmbH of Germany. |
| Sep. 2014 | Completed a holding company reorganization by company division. |
| Jul. 2015 | The Company established Mando Corporation Mexico. |
| Dec. 2015 | Mando (Beijing) Automotive Chassis System Co., Ltd. absorbed Mando (Harbin) Automotive Chassis System Co., Ltd. |
| Jul. 2016 | The Company established an R&D Center in India. |
| Mar. 2017 | Established R&D center in Silicon Valley in the USA |
| Mar. 2021 | Acquired 100% of the shares of Mando Hella Electronics Co., Ltd. |
| Oct. 2021 | Wholly owned subsidiary Mando Hella Electronics Co., Ltd. changed its name to HL Klemove Co., Ltd. |
| Dec. 2021 | Mando Mobility Solutions Co., Ltd. was split off and integrated into HL Klemove Co. |
| Sep. 2022 | The company changed its name to HL Mando. |
Supplemental Information 1
>>> Business Report FY ended Dec. 31, 2006
>>> Business Report FY ended Dec. 31, 2007
>>> Business Report FY ended Dec. 31, 2008
>>> Business Report FY ended Dec. 31, 2009
>>> Business Report FY ended Dec. 31, 2010
>>> Business Report FY ended Dec. 31, 2011
>>> Business Report FY ended Dec. 31, 2012
>>> Business Report FY ended Dec. 31, 2013
>>> Business Report FY ended Dec. 31, 2014
>>> Business Report FY ended Dec. 31, 2015
>>> Business Report FY ended Dec. 31, 2016
>>> Business Report FY ended Dec. 31, 2017
>>> Business Report FY ended Dec. 31, 2018
>>> Business Report FY ended Dec. 31, 2019
>>> Business Report FY ended Dec. 31, 2020
>>> Business Report FY ended Dec. 31, 2021
Archives of Past Exhibits
Note: A figure in brackets ( ) indicates a loss
