Pyung Hwa Industrial Co., Ltd.

Company Profile

■URL

http://www.ph.co.kr/eng/

■Address

597 Nongong-ro, Nongong-eup, Dalseong-gun, Daegu, Korea

Business Overview

-The Company engages in manufacturing automotive anti-vibration products and hoses.

-In May 2014, acquired and merged the operations of Pyung Hwa Anti-Vibration System Co., Ltd.

-The Company has approximately 60 percent share of the automotive low-pressure hose market in Korea.

Actual Sales Results

(in KRW millions)
Business Segment Products FY ended Dec. 2016 FY ended Dec. 2015 FY ended Dec. 2014
Automotive Parts Antivibration products Korea 69,034 25,980 37,208
Export 100,705 136,390 60,981
Total 169,739 162,370 98,189
Hoses Korea 109,786 128,480 77,001
Export 34,315 9,671 44,631
Total 144,101 138,151 121,632
Special-vehicle parts Special-vehicle products Korea 11,584 17,531 17,428
Export - - -
Total 11,584 17,531 17,428
Total Korea 190,404 171,991 131,637
Export 135,020 146,061 105,612
Total 325,424 318,052 237,249

Shareholders

(As of Dec. 31, 2016)

Major Shareholders Interest Ratio (%)
Pyung Hwa Holdings 73.3
Kim Jong-Seok 7.2
Total 80.5

Products

Hoses

Fuel systems
-Filler hoses
-Vapor hoses
-Leveling hoses
-Feed hoses
-Return hoses

Braking/Steering systems
-Brake vacuum hoses

Air systems
-PCV&Breather hoses
-Inter cooler hoses

Cooling systems
-Oil-cooler hoses
-Heater hoses
-Water hoses
-Radiator hoses

Anti-vibration systems

Power train mounts
-Roll rods
-TM mounts
-Engine mounts

Suspension&chassis
-Link bushings
-Rear lower arm bushes
-Front lower arm bushes
-Insulator-Struts

Engine systems
-Pulley dampers

Engine+belt systems

History

Oct. 1950 Pyung Hwa Rubber Company was established. 
Aug. 1975 The Company adopted a new company name, Pyung Hwa Industrial Co., Ltd.
Oct. 1976 The Company formed a technical alliance with NOK of Japan in the area of oil seals and oil rings.
Feb. 1977 The Company established Pyung Hwa Oil Seal Industry Co., Ltd.
Sep. 1985 The Company established Pyung Hwa Ki Gong Co., Ltd.
Mar. 1986 The Company was listed on the Korea Stock Exchange. 
May 1987 The Company opened an R&D center.
Dec. 1987 The Company established Pyung Hwa Automotive Parts Co., Ltd.
Jul. 1993 The Company established Pyung Hwa C.M.B. Co., Ltd.
Nov. 1998 The Company and Vibracoustic formed a technical alliance, under which the Company will license-in technologies to design, develop, and manufacture anti-vibration systems from the German manufacturer.
Dec. 1998 NOK of Japan and Freudenberg & Co. of Germany injected capital in the Company. 
Apr. 2001 The Company established Seo-il. 
Jul. 2002 The Company acquired ISO14001 certification
Jul. 2002 The Company and NOK of Japan signed a technical contract, under which the Company will introduce technology on TVD from the Japanese manufacturer. 
Sep. 2002 The Company acquired ISO/TS16949 certification
Feb. 2003 The Company established Tianjin Pyung Hwa Auto Parts Co., Ltd.
Apr. 2003 The Company established Tianjin Pyung Hwa Kigong Co., Ltd. in China.
Oct. 2004 The Company established Pyung Hwa ENG Co., Ltd. through a spin-off project at Pyung Hwa Ki Gong Co., Ltd. 
Sep. 2005 The Company established Tianjin Pyung Hwa Elastech Co., Ltd. in China. 
Oct. 2005 The Company established Tianjin Kunyang metal Co., Ltd. in China. 
Feb. 2006 The Company established Pyung-Hwa India Private Ltd. in India. 
May 2006 The Company reorganized its business structure and established Pyung Hwa Holdings Co., Ltd. 
May 2008 The Company spun off its anti vibration product division and established Pyung Hwa Anti-Vibration System Co., Ltd. (PAVCO).
Dec. 2008 The Company established Pyung-Hwa America Inc. in U.S.A. 
May 2014 Absorbed Pyung Hwa Anti-Vibration System Co., Ltd. (PAVCO).

Supplemental Information 1

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

Note: A figure in brackets ( ) indicates a loss