Sungwoo Hitech Co., Ltd.
Company Profile
Business Overview
-Manufacturer of body components such as bumper rails and side members for automobiles.
-The Company supplies almost 100 percent of the bumper rails required by Hyundai Motor.
-Percentage of sales by destination in 2018.
| OEM Maker | Sales (in millions of KRW) | Market Share |
| Hyundai | 721,100 | 46.5% |
| Kia | 531,700 | 34.3% |
| GM Korea | 93,317 | 6.0% |
| Ssangyong | 109,140 | 7.0% |
| Renault | 90,369 | 5.8% |
| Others | 6,720 | 0.4% |
| Total | 1,552,346 | 100.0% |
Shareholders
(As of Mar. 31, 2019)
| Major shareholders | Investment Ratio (%) |
| Sungwoo Holdings | 31.8 |
Products
-Bumper Beam
-Door Assembly
-Side Inner
-Door Frame
-Fender Apron Complete
-Center Floor Complete
-Hood Assembly
-Rear Side Member Complete
-Rear Floor Complete
-Dash Complete
-Rear Package-Tray Center
-Front Pillar Inner Lower
-Tail Gate
History
| Mar. 1977 | Sung Woo Metal Industries Co., Ltd was established in Busan. |
| Dec. 1981 | The Company was incorporated as Sungwoo Company. |
| Oct. 1994 | The Company established an R&D center. |
| Aug. 1995 | The Company established Asan Sung Woo Hi-Tech Co., Ltd. |
| Oct. 1995 | The Company was listed on the Kosdaq market. |
| Dec. 1996 | The Company obtained ISO9002 and ISO14001 certifications. |
| Oct. 1998 | The Company established Technical Stampings Automotive Ltd. (TSAL) in India. |
| Dec. 1998 | The Company established Sung Woo Metal Coil Center Co., Ltd. |
| Jul. 1999 | The Company obtained QS9000 certification. |
| Mar. 2000 | The Company adopted a new company name, Sungwoo Hightech. |
| Aug. 2002 | The Company established Sungwoo Hitech Wuxi Ltd. in China. |
| Oct. 2002 | The Company established Beijing Sungwoo Che Hitech Co., Ltd. in China. |
| Nov. 2004 | The Company obtained ISO/TS16949 certification. |
| Aug. 2005 | The Company established Sungwoo Hitech s.r.o. in the Czech Republic. |
| May. 2006 | The Company established Sungwoo Hitech Slovakia s.r.o. in Slovakia. |
| Dec. 2006 | The Company established Sungwoo Hitech Automobile Components (Yancheng) Co., Ltd. in China. |
| Jun. 2008 | The Company established Sungwoo Hitech Automobile Components (Shenyang) Co., Ltd. in China. |
| Jul. 2008 | The Company established Sungwoo Hitech Rus LLC in Russia. |
| Jul. 2008 | The Company established GS Hot Stamping in Korea. |
| Dec. 2008 | The Company established Sungwoo Automotive India Private Limited in India. |
| Jun. 2009 | Technical Stampings Automotive Ltd. (TSAL) adopted a new corporate name, Sungwoo Gestamp Hitech (Chennai) Pvt. Ltd. |
| Oct. 2009 | The Company absorbed Sungwoo Metal C/Ctr Co., Ltd. |
| Jan. 2010 | Sungwoo Automotive India Pvt. Ltd. adopted a new corporate name, Sungwoo Gestamp Hitech (Pune) Pvt. Ltd. |
| Jan. 2011 | The Company established Yantai Sungwoo Yifeng Automobile Components (Shenyang) Co., Ltd. in China. |
| Apr. 2011 | The Company and Uzavtosanoat established UzSungwoo, a 50-50 joint venture in Uzbekistan. |
| Jun. 2012 | The Company acquired Weser Metall Umformtechnik GmbH & Co. KG (WMU). |
| Oct. 2014 | The Company established Sungwoo Hitech Mexico S.A. de C.V. in Mexico. |
| Apr. 2015 | The Company established Cangzhou SungWoo Automobile.Parts.Co., Ltd. in China. |
| Jul. 2015 | The Company established Chongqing Sungwoo Hitech Automobile Parts.Co., Ltd. in China. |