Korea Flange Co., Ltd.

Company Profile

■URL

https://www.kofco.com/english/

■Address

2, Mipo 1-gil, Dong-gu, Ulsan, Korea

Business Overview

-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.

Shareholders

(As of Dec. 31, 2016)

Major Shareholders Interest Ratio (%)
Kim, Yun Soo 23.49
Kim, Yong Seok 11.16
Hana Bank 5.92
Total 40.57

Products

-Halfshafts
-Innershafts
-Front-axle assemblies
-Rear-axle assemblies
-Brake assemblies
-Connecting rods
-Hubs
-Crankshafts
-Camshafts
-Differential gears

History

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.

Supplemental Information 1