DY Corporation
(Formerly Dongyang Mechatronics Corp.)

Company Profile

■URL

http://www.dy.co.kr/eng/index/index/000

■Address

36, Namdongseo-ro, 362beon-gil, Namdong-gu, Incheon, Korea

Business Overview

-In December 2014, as the result of a corporate reorganization, the original company (Dongyang Mechatronics Corp.) changed its business structure to a holding company, adopting DY Corporation as its new name and establishing DY Auto Corporation and DY Power Corporation.

-The Company engages in three business segments: automotive parts, hydraulic equipment, and industrial machinery. The following outlines some of the details.

Company name Business Segment Products/Services
DY Corporation Holding company Serves as holding company and provides consulting services
Industrial equipment Manufacture of concrete pump trucks, cranes, golf carts
Manufacture of general machinery, construction equipment, specialized vehicles
DY Auto Corporation Automotive parts Manufacture and sale of electrical parts, including wiper blades, cooling fan motors, and sunroof motors
DY Power Corporation Hydraulic equipment Manufacture and sale of hydraulic equipment

DY Auto Corporation’s Actual Consolidated Sales Results

(in KRW millions)
Business Segment Category FY ended Dec. 2016 FY ended Dec. 2015
Automotive Parts Export 265,250 255,936
Korea 150,247 138,931
Total 415,497 394,867

Shareholders

(As of Dec. 31, 2016)

Major Shareholders Investment Ratio (%)
Cho, Byung-Ho 40.38
National Pension Service 10.53
Dongbu Asset Management 9.22
Total 60.13

Products

Sunroof motors
Wiper systems
Cooling fan assemblies
Power window motors

History

Oct. 1978 Dongyang Hydraulics Co., Ltd. was established.
Sep. 1986 The Company opened Incheon plant.
Aug. 1988 The Company adopted a new company name, Dongyang Mechatronics Corporation.
May 1989 The Company was listed on the Korea Stock Exchange.
Mar. 1991 The Company moved its headquarters from Changwon to Incheon.
Mar. 1995 The Company established Dongyang Inalfa (currently Inalfa Korea) jointly with Inalfa of the Netherlands.
Aug. 1996 The Company acquired ISO9001 certification.
Nov. 1997 The Company acquired QS9000 certification.
Jul. 2001 The Company started supplying rear wiper motors to Volkswagen.
Sep. 2001 The Company established Dongyang Mechatronics Yantai Co., Ltd. in Shandong Province, China.
Dec. 2001 The Company acquired ISO14001 certification.
Jul. 2002 The Company established Dongyang America Inc. in Michigan, USA.
Nov. 2002 The Company became a supplier of front window wiper systems to General Motors.
Jun. 2003 The Company was honored by General Motors as a 2002 Supplier of The Year.
Oct. 2003 The Company established Yantai Dongyang Mechatronics A.P. Co., Ltd. in China.
Dec. 2003 The Company acquired ISO/TS16949 certification.
Mar. 2004 The Company started supplying front wiper system to DaimlerChrysler.
Apr. 2004 The Company was honored by General Motors as a 2003 Supplier of the Year.
Dec. 2004 The Company was transferred the shares it held in Dongyang Inalfa to Inalfa of the Netherlands.
Feb. 2005 The Company started supplying front wiper systems to Opel and Saab.
Jul. 2005 The Company started supplying window lift motors to Ford.
Sep. 2005 The Company established Dongyang Mechatronics Japan Co., Ltd. in Japan.
Oct. 2005 The Company opened a business office in Germany.
Feb. 2006 Dongyang Mechatronics Yantai Co., Ltd. set up an office in Shanghai, China.
Jul. 2007 The Company established Dongyang Mechatronics India Pvt in India.
Nov. 2007 Dongyang America Inc. established a branch office in Seattle, Washington, U.S.A. 
Dec. 2007 Dongyang Mechatronics Yantai Co., Ltd. integrated Yantai Dongyang Mechatronics A.P. Co., Ltd., consolidating the Group's Chinese business. 
Feb. 2009 Dongyang Mechatronics Yantai Co., Ltd. set up an office in Beijing, China.
Oct. 2010 The Company established Dongyang Mechatronics Jiangyin Co., Ltd. in Jiangsu Province, China.
Nov. 2010 Dongyang Mechatronics Yantai Co., Ltd. adopted a new corporate name, Dongyang Mechatronics China Co., Ltd.
May 2011 The Company turned HST Co., Ltd., a Korea-based wiper manufacturer, into its subsidiary.
Sep. 2014 The Company established Dong Yang Power India Pvt. in India.
Dec. 2014 The Company adopted a holding-company structure through company split and changed its corporate name to DY Corporation.
Dec. 2014 Renamed its US corporation Dongyang America Inc. to DY America Inc.
Dec. 2014 Renamed its Japanese corporation Dongyang Mechatronics Japan Co., Ltd. to DY Japan Co., Ltd.
Dec. 2014 Renamed its Indian corporation Dong Yang Power India Pvt. To DY Power India Pvt.
Feb. 2015 DY Auto Corporation established DY Auto Mexico, S.A. DE C.V.
Apr. 2015 DY Auto Corporation established Nanuri Co., Ltd. in Korea.
Jun. 2015 DY Auto Corporation established Dongyang Mechatronics Yancheng Co., Ltd. in China.

Supplemental Information 1

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

Note: A figure in brackets ( ) indicates a loss