Korea Exchange (010520)
|Headquarters||Ulsan, South Korea|
|Key people||Sung-Jae Shin
(President and CEO)
|Products||Cold Rolled Steel, Steel Pipes, Auto Lightweight Products|
|Revenue||8,170 billion KRW (2011)|
|Operating income||435 billion KRW (2011)|
|Net income||298 billion KRW (2011)|
|Total assets||4,721 billion KRW (2011)|
|Total equity||1,634 billion KRW (2011)|
|Parent||Hyundai Motor Group|
Hyundai Hysco, or HYSCO is a steel and auto parts company, established in 1975, and headquartered in Ulsan, South Korea. They are a manufacturer of automotive steel sheet products and various steel pipes. Its corporate office is located in Seoul, and it also operates in Ulsan, Dangjin, and Suncheon in South Korea with global operations worldwide. Currently, Hyundai Hysco operates three works in Korea, seven overseas processing centers, and five overseas offices internationally.
Hyundai Hysco was established under the name Kyung-il Industrial Co., Ltd. in 1975. The company was renamed to Hyundai Pipe Co., Ltd. in 1980 soon after the completion of its full-scale steel pipe plant in 1979. As a scheme to be a leading steel company in the global market, the company was renamed once again to Hyundai Hysco in February 2001.
Two years after the steel pipe plant was built, Hyundai Hysco was awarded the 'US$100 Million Export Tower' in November 1982. In 1997, the company set a new record in the steel industry by producing over 10 million tons of steel pipes in 1997.
For over 20 years, Hyundai Hysco has been the leading company in the Korean steel pipe industry. After taking the largest market share in the steel pipe industry, they entered the market for cold rolled products, which require the highest level of technology among other sectors of the steel industries. Hyundai Hysco has begun the commercial production of cold rolled products in April 1999. Since then, Hyundai Hysco set numerous records in the area of cold rolling, rewriting the history of Korean steel industries. Hyundai Hysco's achievements include the building of a full capacity system in less than one year from the commencement of commercial production and producing 5 million tons of automotive steel products in five years. In 2004, Hyundai Hysco took over an old and standtill works, Hanbo Steel, in Dangjin, in a consortium with Hyundai Steel. By taking over the old and abandoned works and successfully completing the normalization in 2006, Hyundai Hysco not only build the 4 million tons of cold rolling capacity per year, but also contributed to the Korean economy.
Hyundai Hysco became the leading manufacturer of automotive steel products in Korea by implementing a wide range of new technologies and developing future-oriented products. Through the production of cold rolled products for cars and high-value added pipes using hydroforming technology, Hyundai Hysco is now becoming a major company in the international arena.
Suncheon Works started commercial operation in February 1999. It is a high-tech factory with an annual cold rolling capacity of 1.8 million tons. It is located in the Yulchon Industrial Complex in Jeonnam, Korea, and is equipped with state-of-the-art manufacturing facilities for 1.8 million tons in annual capacity.
Main products are 750,000 tons cold-rolled steel sheets, 440,000 tons electro galvanized steel sheet, 270,000 tons hot-dip galvanized steel sheet, 160,000 tons painted galvanized steel sheet, and 180,000 tons picked & oiled steel sheets annually, all high-value added products used for automobiles, home appliances and construction materials. These steel products are closely related to our everyday life, and feature high strength, high corrosion-resistance and flat and beautiful surfaces.
Suncheon Works Features
Suncheon Works features a 1.2 million ton continuous annealing line, the largest single facility in the world, and boasts fully automatic control systems, computer integrated manufacturing, and automated material flow as well as ISO certification, KS certification and JIS certification of Japan. In addition, they have concluded a technical collaboration agreement with Kawasaki Steel and Iron of Japan for the development of Korea's cold rolling industry, particularly for use in the automotive realm. This strategic alliance will be a stepping-stone to enhance national competitiveness in cold-rolling-related sectors.
Dangjin Works, located in Chungnam, Korea, has an annual cold rolling capacity of 2 million tons for products in the automobile, home appliances and construction industries.
The Ulsan Works has set a record of producing 10 million tons of steel pipes in July 1999. It obtained ISO 14001 and 9001 for the first time in the field of steel pipe manufacturing after expanding the facilities to include the latest welding and automation systems.
|Overseas Operation||Main Features|
|○ Beijing Hysco||
● Sales (’06) US$ 140.8 Mil./142,000 Ton
|○ Hysco America (located in Alabama)||
● Sales (’06) US$ 163.3 Mil./155,000 Ton
|○ Hysco Slovakia||
● Sales (’06) US$ 11.4 Mil./11,000 Ton
|○ Yancheng Hysco||
● Operation Since January, 2007
|○ Hysco India (located in Chennai)||
● Operation Since August, 2007
1975.03 Established Kyung-il Co.,Ltd.
1979.05 Completed construction on the steel pipe mill
1980.05 Changed name to Hyundai Pipe co.,LTD.
1981.10 Obtained mill approval by Lloyd's Register of Shipping
1981.11 Received One Hundred Million-Dollar Export Award
1997.04 Started construction on the cold rolling mill
1999.03 Completed construction on the cold rolling mill
2000.11 Received Three Hundred Million-Dollar Export Award
2001.01 Changed company name to Hyundai Hysco
2003.11 Completion of Beijing Factory
2004.10 Opening of Dangjin Factory
2004.11 $500 Million Export Award
2005.01 Exceed 10 million tons cold rolled steel sheet production
2005.05 Started commercial production of Hydroforming product
2006.01 Completed establishment of PCI system
2006.08 Completion of Dangjin Factory
2006.11 $700 Million Export Award
2007.01 Completion of Jiangsu Factory(China)
2007.08 Completion of India Factory
2007.11 $1 Billion Export Award
2008.01 Transferred to Seoul Jamwon Office Building
- Auto parts
- Economy of South Korea
- Hyundai Mobis
- Hyundai Motor Company
- Hyundai Motor Group
- Kia Motors
- List of steel producers
- "2011 Business Results". Hyundai Hysco. Retrieved 9 February 2012.