Daewon Kangup Co., Ltd.

Company Profile

■URL

http://www.dwku.com/en/

■Address

114-41, Osong 1-gil, Seonggeo-Eup, Seobuk-Gu, Cheonan-si, Chungnam, Korea

Business Overview

-The Company is a manufacturer of automotive springs and seats.

-The Company has gained the top share in Korea of hot formed springs for automotive use.

Business Results (FY ended Dec. 2016)

(in KRW millions)
Sales Sales Breakdown by %
Springs  862,361   80.1
Seats  152,894   14.2
Others    60,861    5.7
Total 1,076,116 100.00

Shareholders

(As of Dec. 31, 2016)

Major shareholder Investment Ratio (%)
Hong, Min Chul 12.56
Kiswel Ltd. 8.85
Hyundai Homeshopping Network Corporation 7.67
Keumkang A&D Co., Ltd. 5.53
Total 34.61

Products

Suspension springs
Leaf springs
Coil springs
Stabilizer bars
Torsion bars
Tension rods
Air springs
Air suspension systems

Precision springs
Wire springs
Engine valve springs
Engine valve cotters
Auto clutch return springs
Flat springs
Tension bar connections
Die springs
IT springs
Disc springs
Rebound springs

Seats
Seats for passenger cars
Seats for buses

History

Sep. 1946 The Company was incorporated.
Jan. 1961 The Company changed the company name to Daewon Kangup Co., Ltd.
Sep. 1966 The Company developed car seats.
Aug. 1967 The Company established Daewon Cast Steel Co.,Ltd.
Jun. 1977 The Company went public.
May. 1979 Changwon Plant started operations.
Oct. 1983 The Company established Daewon Precision Ind. Co., Ltd.
Feb. 1985 Juan Plant started operations.
Nov. 1986 The Company established Daewon R&D Center.
May. 1992 The Company established Daewon Chong Up Corp.
Jul. 1992 The Company established Dae Kyeong Special Steel Co., Ltd. jointly with Posco.
Jun. 1994 Second plant in Changwon started operations.
Jul. 1996 Cheonan Plant started operations.
Jul. 1997 The Company established D&D Springs Poland jointly with DMP of Poland.
Dec. 1997 Seonghwang Plant started operations.
Mar. 2003 The Company established Contitech Daewon Airspring Systems Co., Ltd. jointly with ContiTech of Germany.
Jan. 2005 The Company established Seyun Steel Co., Ltd.
Mar. 2005 The Company established Beijing Daewon Asia Automobile Science & Technology Co., Ltd.
Nov. 2006 The Company established Daewon America, Inc.
Dec. 2007 The Company established Daewon India Autoparts Private Limited in India.
May 2008 The Company established Daewon Severstal Auto Elabuga in Russia.
Jan. 2009 The Company received Hyundai-Kia's Excellent Supplier Award for FY2008.
Mar. 2010 The Company received GM's Excellent Supplier Award for four consecutive years (2006-2009).
Apr. 2012 The Company established Jiangsu Daewon Asia Auto Spring Co., Ltd. in Jiangsu Province, China.
Oct. 2013 The Company established Daewon-Avtovaz Agregat Seats LLC in Russia, JV with Avtovaz.
Sep. 2014 The Company turned Daewon-Avtovaz Agregat Seats LLC in Russia into its wholly owned subsidiary.
Dec. 2014 Daewon-Avtovaz Agregat Seats LLC in Russia adopted a new company name, Daewon Spring & Seat LLC.
Dec. 2014 DaeWon Sollers LLC in Russia was liquidated.
Oct. 2015 Established Daewon Mexico S. de R.L. de C.V. in Mexico.
Mar. 2016 Relocated Changwon Plant No. 2 to Haman.

Supplemental Information 1