Mando Corporation

Company Profile

■URL

http://www.mando.com

■Address

21 Pangyo-ro, 225-gil, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea

Business Overview

-The Company conducts its business in three operating segments; the Brake Systems Division, Suspension Division, and Steering Division.

-In May 2010, the Company was listed on the Korea Stock Exchange.

-In March 2008, the Company rejoined the Halla Group for the first time in nine years.

Business Results (on a consolidated basis)

(in millions of KRW)
Segment FY ended Dec. 31, 2016 FY ended Dec. 31, 2015 FY ended Dec. 31, 2014
Amount (%) Amount (%) Amount (%)
Automotive Parts & Others Korea Sales 3,187,763 54.34 3,143,115 59.31 1,063,959 61.81
China Sales 1,771,557 30.20 1,437,203 27.12 484,507 28.15
USA Sales 1,130,100 19.26 1,024,057 19.32 334,481 19.43
Other Sales 616,094 10.50 512,680 9.67 154,170 8.96
Internal business transactions/ consolidated adjustments Sales (839,142) (14.30) (817,864) (15.43) (315,681) (18.35)
Total Sales 5,866,372 100.00 5,299,191 100.00 1,721,436 100.00

Shareholders

(As of Dec. 31, 2016)
Main Shareholder
Halla Holdings Corp. 30.25%
National Pension Service 10.80%
Schroder Investment 5.00%
Total 46.05%

Products

Brake systems
-Master cylinders
-Vacuum boosters
-Brake calipers
-Drum brakes
-Modules
-In line valves
-ABS (Anti-lock Brake Systems)
-TCS (Traction Control Systems)
-ESP (Electronic Stability Programs)
-EPB (Electric Parking Brakes)
-Active retraction calipers
-Intergrated dynamic brakes
-Caliper brakes

Steering systems
-Power rack & pinion steering gears
-Manual rack & pinion steering gears
-Ball & nut steering gears
-Steering columns
-Steering gear systems
-Intermediate shafts
-Universal joints
-EPS (Electric Power Steerings)

Suspension systems
-Shock absorbers
-Shock absorber assemblies
-Suspension struts
-Suspension strut assemblies
-Semi active suspensions
-Air suspensions
-Self levelizers
-ECS (Electrically Controlled Suspensions)
-Damper spring modules
-Struts

System integration
-Unified chassis controls
-ACC Stop & Go
-Lane keeping assist systems
-Smart parking assist systems
-Smart cruise control systems
-Highway driving assist systems
-Autonomous emergency braking systems
-Blind spot detection systems

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.

Supplemental Information 1