SeAH Besteel Corporation

Company Profile

■URL

http://www.seahbesteel.co.kr/eng/main.jsp

■Address

28/29F Seah Tower, 45, Yanghwa-ro, Mapo-gu, Seoul

Business Overview

-The Company manufactures special steel products, auto parts, and railroad car wheels.

-The Company was absorbed by SeAH Holdings in 2003 and adopted the current corporate name. (The Company was called Kia Steel Co., Ltd. before the merger.)

-The Company's axles are used in the Kia Sorento, Carnival, Retona, Bongo3, and Bongo3 buses.

Business Results (FY Ended in Dec. 2016)

(In 100 millions of won)
Business Division Special Steel Automotive Parts Total
Total Sales 15,937 256 16,193
Korea Domestic 13,718 139 13,857
Export 2,219 117 2,336
Operating income 798 10 808

Shareholders

(As of Dec. 31, 2016)

Main Shareholders Interest Ratio (%)
SeAH Holdings Corp. 54.37
Shinyoung Asset Management 8.37
SeAH Steel Corp. 6.03
Total 68.77

Products

Special Steels
Engine materials
-Crank shafts
-Connecting rods

Transmission materials

Chassis materials
-Components for CVT

Spring steels
-Coil springs
-Torsion bars
-Leaf springs
-Stabilizer bars

Bearing steels

Auto parts
Axles
-Front drive differential assemblies
-Rear axle assemblies
-Axle housings

History

1955 The Company was established.
1958 The Company completed the construction of a plant for making small metal rolling products.
1978 The Company launched commercial production of casting products.
1982 The Company launched commercial production of special steel parts.
1986 The Company was absorbed by the Kia Motors Group and launched operations in the auto parts production business.
1989 The Company opened its R&D center
1990 The Company adopted a new corporate name, Kia Steel Co., Ltd.
1991 The Company was listed on the Korea Stock Exchange
1993 The Company moved its headquarters to Gunsan.
1993 The Company completed the first phase of the construction project at the new plant in Gunsan.
1994 The Company completed construction of a rear axle assembly plant.
1995 The Company completed the second phase of the construction project at the new plant in Gunsan.
1995 The Company acquired ISO9002 certification.
1997 The Company completed construction of a comprehensive manufacturing facility to produce parts made of special steel.
2000 The Company opened its R&D Reliability Assessment Center.
2003 The Company was absorbed by the SeAH Group.
2004 The Company adopted a new corporate name, SeAH Besteel Corp.
2005 The Company acquired ISO/TS16949 certification.
2006 The Company acquired ISO14001 certification.
2011 Steel production capacity reached 2.5 million tons: 2.2 million tons of special steels; and 300,000 tons of forged steels.
2011 The Company moved its auto parts production lines from Gunsan, Jeollabuk-do to Gimje.
2012 Transferred its headquarters to Seoul Special City.
2013 Launched commercial production at Plant No. 2 in Changnyeong.
2014 The Company acquired 52.3 percent of POSCO Specialty Steel Co., Ltd. shares from POSCO.
2016 Established SeAH Global Inc., a sales corporation in the USA.

Supplemental Information 1