Hyundai Steel Co., Ltd. (merged Hyundai Hysco Co., Ltd.)

Company Profile

■URL

https://www.hyundai-steel.com

■Address

706, Yeompo-ro, Buk-gu, Ulsan, Korea

Business Overview

-The Company is a steel manufacturer in the Hyundai-Kia Motor Group, producing steel pipes and lightweight automotive parts.

-The Company also entered into the fuel-cell business, developing metal separators for fuel cells.

-The Company's cold-rolled steel business was acquired by Hyundai Steel in December 2013.

-In April 2015, the Company announced it will be acquired and merged into Hyundai Steel.

Shareholders

(As of Dec. 31, 2014)

Main Shareholders Investment Ratio (%)
Hyundai Motor Company 29.37
Kia Motors Corporation 15.65
Chung, Mong-Koo 10.00
JFE Steel Corporation 7.99
National Pension Service 7.37
Total 70.38

Products

Steel pipe products 

Lightweight automotive parts

Tailor Welded Blanks (TWB)

-Door inner panels
-Rear wheel houses
-Side member panels
-Pillar reinforcement panels

Hydroforming
-A pillars
-Exhaust manifolds
-Front subframes
-Roof racks
-Rear axle frames
-Side member frames

Hot stamping
-Roof side outer reinforcements
-Center pillar reinforcements
-Center floor side upper members
-Bumper back beams

Fuel cell parts
Metal separators

History

Mar. 1975 Kyungil Industrial Co. Ltd. was established.
May 1979 The Ulsan Works was completed.
May 1980 The Company adopted a new corporate name, Hyundai Steel Pipe Co., Ltd.
Feb. 1982 The Company established Hyundai Hysco USA, Inc. in Texas, U.S.
Sep. 1989 The Company was listed on the stock market.
Apr. 1997 The Ulsan Works acquired ISO14001 certification.
Feb. 1999 The Suncheon Works acquired ISO9001 and ISO14001 certifications.
Apr. 1999 The Suncheon Works started mass production.
Jul. 1999 The accumulated production volume of steel pipes at the Ulsan Plant reached 10 million tons.
Feb. 2001 The Company adopted a new corporate name, Hyundai Hysco Co., Ltd.
Apr. 2001

The Company became a member of the Hyundai-Kia Group.

Jan. 2002 The Company starteed to mass-produce products using a tailored blank welding method.
Jan. 2003 The Company established Beijing Hyundai Hysco Steel Process Co., Ltd. in Beijing, China.
Apr. 2003 The Company established Hysco America Company, Inc. in Alabama, U.S.
Nov. 2003 The Beijing Works was completed in China.
Nov. 2003 The Suncheon Works acquired ISO/TS16949 certification.
May 2004 The accumulated production volume of automotive steel sheets reached 5 million tons.
Oct. 2004 The Company acquired the Dangjin Plant of Hanbo Iron and Steel Co. manufacturing cold-rolled steel sheets.
Jan. 2005 The accumulated production volume of cold-rolled steel sheets reached 10 million tons.
Feb. 2005 The Company established Hysco Slovakia s.r.o. in Slovakia.
Mar. 2005

The Ulsan Works acquired ISO/TS16949 certification.

May 2005

The Company started to mass-produce products using a hydroforming technology.

Oct. 2005 The Dangjin Works acquired ISO14001 certification.
Nov. 2005 The Dangjin Works acquired ISO9001 and ISO/TS16949 certifications.
Apr. 2006 The Company established Jiangsu Hyundai Hysco Steel Process Co., Ltd. in Jiangsu Province, China.
Jun. 2006 The Company established Hysco Steel India Ltd. in India.
Jan. 2007 The Jiangsu Works in China was completed.
May 2007 The Company established Hysco Czech s.r.o. in the Czech Republic.
Aug. 2007 The India Works was completed.
Feb. 2009 The accumulated production volume of products manufactured on the Suncheon Works' continuous annealing line (CAL) reached 10 million tons.
Mar. 2009 The Company established an R&D facility in Uiwang to develop fuel cell technology.
Apr. 2009 The Company established Hyundai Hysco Rus LLC in Russia.
Aug. 2009 The Company started mass-production on its hot stamping line.
Sep. 2010 The Russia Works was completed.
Mar. 2011 The Company established Hysco Steel Industry and Trade Brazil LLC in Brazil.
Apr. 2011 Hysco Steel India Ltd. adopted a new corporate name, Hysco Steel India Private Ltd.
May 2011 The accumulated production volume of cold-rolled products at the Dangjin Plant reached 10 million tons.
Jul. 2011 The Company established a joint-venture company in Chennai, Tamil Nadu, India with Sumitomo Pipe & Tube Co., Ltd. and Sumitomo Corporation.
Jun. 2012 The Company established Hyundai Hysco TR OTOMOTIV CELIK URUNLERI SAN. ve TIC A.S in Turkey.
Aug. 2012 The Company established Suzhou Hyundai Hysco Steel Process co., Ltd. in China.
May 2013 The Dangjin Works No. 2 was completed.
Dec. 2013 The Company's cold-rolled steel business was acquired by Hyundai Steel.
Oct. 2014 The Company established Hyundai Hysco Mexico S de R. L. de C. V in Mexico.
Apr. 2015 The Company announced it will be acquired and merged into Hyundai Steel.

Supplemental Information 1

The Hyundai Motor Group's Ratio of Shareholding in Automotive Companies

(As of Dec. 31, 2014)

Name of group company

 

Company in which the Group holds shares

Hyundai
Motor
Kia
Motors
Hyundai
Mobis
Hyundai
Dymos
Hyundai
WIA
Hyundai Motor - - 20.78% - -
Kia Motors 33.88% - - - -
Hyundai Mobis - 16.88% - - -
Hyundai WIA 25.35% 13.44% - - -
Hyundai Kefico 100.00% - - - -
Hyundai Dymos 47.27% 45.37% - - 5.12%
Hyundai Powertech 37.58% 37.58% 24.85% - -
Hyundai Hysco 29.37% 15.65% - - -
Hyundai IHL - - 90.00% - -
Hyundai Mseat - - - 99.81% -
Hyundai Partecs 56.00% 31.00% 13.00% - -
WIA Magna Powertrain - - - - 50.00%
HL Green Power - - 51.00% - -
Hyundai Autron 60.00% 20.00% 20.00% - -



>>>Business Report up until FY ended Mar. 31, 2013

Note: A figure in brackets ( ) indicates a loss