Korea Flange Co., Ltd.
-The Company conducts its business in three operating segments: the Automotive Parts Division; Flange Division; and Industrial Machinery Division.
-The Automotive Parts Division manufactures half-shafts and front-axle assemblies used in passenger vehicles, and front axles and brake assemblies used in trucks and buses.
-Its major customers are Hyundai Motor and Kia Motors.
(As of Dec. 31, 2016)
|Major Shareholders||Interest Ratio (%)|
|Kim, Yun Soo||23.49|
|Kim, Yong Seok||11.16|
|Jul. 1974||Ulsan Iron Works Co., Ltd. was established.|
|Mar. 1976||The Company adopted a new corporate name, Korea Flange Co., Ltd.|
|Jan. 1980||The Company completed the construction of its Plant No. 2, a forging facility.|
|Apr. 1985||The Company started commercial production of automotive parts.|
|Jul. 1987||The Company went public.|
|Mar. 1988||The Company completed the construction of its Plant No.3 to produce chassis parts for use in passenger vehicles.|
|Jan. 1997||The Company became a member of the the Hyundai Group.|
|Dec. 1997||The Automotive Parts Division obtained ISO9002 and QS9000 certifications.|
|Jan. 1999||The Automotive Forged Parts Division obtained QS9000 certification.|
|May. 1999||The Company was spun off from the Hyundai Group.|
|Sep. 2002||The Company completed the construction of its Plant No.4, an auto parts assembly facility.|
|Sep. 2003||The Company, NTN of Japan, and the Yulon Group of Taiwan jointly established Beijing NTN-Seohan Driveshaft Co. , Ltd. in China.|
|Feb. 2004||The Company and BorgWarner of the U.S. jointly established Seohan Warner Turbo Systems Co., Ltd. in Korea.|
|Aug. 2004||The Company acquired TS16949 and ISO14001 certification.|
|Mar. 2007||Established Seohan-NTN Driveshaft USA Corporation in Alabama, as a joint venture with NTN based in Japan.|
|Apr. 2007||The Company established Seohan Auto USA Corporation in Alabama, U.S.A.|
|Dec. 2009||The Company, NTN of Japan, and Seohan Industries of Korea jointly established Seohan-NTN Bearing Co., Ltd. in Korea.|
|Nov. 2012||Relocated the Seohan Technical Center to Hwaseong.|
|Jan. 2015||Established Seohan Auto Mexico, S. De R.L. De C.V.|
|Sep. 2015||Established Chongqing NTN-Seohan Driveshaft Co., Ltd. through an investment financed solely by Beijing NTN-Seohan Driveshaft Co., Ltd.|