Hwaseung R&A Co., Ltd.

Company Profile

■URL

http://www.hsrna.co.kr/hsrnaen/

■Address

61, Chungnyeol-ro, Yangsan-si, Gyeongsangnam-do, Korea

Business Overview

-The Company is a major company in Korea producing automotive rubber products. Its main products include hoses and weather strips.

-The Company spun off its industrial rubber products business, establishing in its place Hwaseung Exwill Co., Ltd., effective Apr. 1, 2007.

Sales Results

(in KRW millions)
Category FY ended Dec. 31, 2016 FY ended Dec. 31, 2015 FY ended Dec. 31, 2014
Automotive parts Sales 1,518,838 1,499,046 1,480,538
Operating Profit 46,220 43,801 38,783

Shareholders

(As of Dec. 31, 2016)
Major Shareholders Interest Ratio (%)
Hyun, Ji Ho 19.98
Hyun, Seung Hoon 17.92
Hwaseung Industries Co., Ltd. 9.90
Total 47.80

Products

Weather strips
Front glass moldings
Hood weather strips
Sun roof weather strips
Rear glass moldings
Glass runs
Fixed weather strips
Door opening weather strips
Door seal weather strips
Door drip weather strips
Trunk lids
Door belts (inner)
Door belts (outer)

Hoses
Air conditioning hoses
Power steering return hoses
Fuel hoses
Radiator hoses
Brake vacuum hoses
Heater hoses
Fuel filler hoses
Power steering pressure hoses
Hydraulic brake hoses
Intercooler hoses

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.

Supplemental Information 1

>>>Business Report up until FY ended Dec. 31, 2014

Note: A figure in brackets ( ) indicates a loss