Hyundai Hysco
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| Hyundai Hysco | |
|---|---|
| Type | Public Korea Exchange (010520) |
| Founded | 1975 |
| Headquarters | Ulsan, South Korea |
| Key people | Won-Kab Kim, Sung-Jae Shin |
| Industry | Steel |
| Products | Cold Rolled Products, Steel Pipe Products, Reduce Automobile Weight Products |
| Revenue | ▲ $3.2billion USD |
| Employees | 1,170 |
| Parent | Hyundai Kia Automotive Group |
| Website | http://www.hysco.com |
Hyundai Hysco, or HYSCO is a steel and auto parts company, established in 1975, and headquartered in Ulsan, South Korea.
The Hyundai Hysco is a manufacture of Automotive steel sheet products and various steel pipes. Its corporate office is located in Seoul, and it also operates works in Ulsan, Dangjin, and Suncheon in South Korea and now building global operations worldwide. Currently, Hyundai Hysco operates three works in Korea, seven Overseas Processing Centers, and five overseas office 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.
Only after two years since the steel pipe plant had been built, Hyundai Hysco was awarded the 'US$100 Million Export Tower' in November 1982. In 1997, Hyundai Hysco set a new record in the steel industry by producing over 10 million tons of steel pipes in 1997.
So for over 20 years since the establishment, Hyundai Hysco has been the leading company in the Korean steel pipe industry. After taking the largest market share in the steel pipe industry, Hyundai Hysco 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 record-breaking 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.
Hyundai Hysco's ultimate goal is 'build a safer and happier world' with steel. Always taking into consideration the safety and happiness of people in the future society, Hyundai Hysco focuses its resources on developing future materials and improving quality and technology.
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[edit] Operations
[edit] Suncheon Works
- A high-tech factory with an annual cold rolling capacity of 1.8 million tons
The Suncheon Works is located in Yulchon Industrial Complex in Jeonnam, Korea, and is equipped with state-of-the-art manufacturing facilities for 1.8 million tons in annual capacity. It started commercial operation in February 1999.
[edit] Main Product
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.
[edit] 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, we 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.
[edit] Dangjin Works
- A newly acquired Dangjin works with an annual cold rolling capacity of 2 million tons
The Dangjin Works, located in Chungnam, Korea; after the normalization for two years, it has 2 million tons of high quality cold rolled products in the automobile, home appliances and Construction industries.
All of the staffs had given their best efforts to normalize the Dangjin Works. With an automated production line and geographical efficiency, the Dangjin Works is expected to supply the best quality products to its customers.
[edit] Ulsan Works
- The mecca of steel pipes
As the mecca of steel pipes, 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. The Ulsan works is an environmentally friendly plant also known for excellent product quality. Under the belief that business competitiveness comes from productive labor-management relations, The Ulsan Works has been making efforts to build a mutually beneficial relationship between the labor and management based on trust. In 2001, The Ulsan Works was selected as the 'Excellent Company with New Labor-Management Relations' by the Ministry of Labor.
In order to cope with the rapidly changing business environment, the company has implemented the Six-Sigma program to improve quality and work process in July 2002.
The Ulsan Works strives to improve the corporate value for customers and shareholders by developing the hydro-forming technology and participating in the T.W.B., which is a project to make cars lighter.
[edit] Overseas Works
| Overseas Operation | Main Features | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ○ Beijing Hysco |
● Sales (’06) US$ 140.8 Mil./142,000 Ton
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| ○ Hysco America (located in Alabama) |
● Sales (’06) US$ 163.3 Mil./155,000 Ton
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| ○ Hysco Slovakia |
● Sales (’06) US$ 11.4 Mil./11,000 Ton
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| ○ Yancheng Hysco |
● Operation Since January, 2007
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| ○ Hysco India (located in Chennai) |
● Operation Since August, 2007
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[edit] Brief History
[edit] 1970
1975.03 Established Kyung-il Co.,Ltd.
1979.05 Completed construction on the steel pipe mill
[edit] 1980
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
1985.01 Gained approval on the use of UL.mark
[edit] 1990
1993.03 Gained ISO 9002 certification on the steel pipe mill
1997.04 Started construction on the cold rolling mill
1997.04 Gained ISO 14001 certification on the steel pipe mill
1999.03 Completed construction on the cold rolling mill
1999.03 Gained ISO 9002/14001 certification on the cold rolling mill
[edit] 2000
2000.11 Received Three Hundred Million-Dollar Export Award
2001.01 Changed company name to Hyundai Hysco
2002.11 Gained ISO 9001 certification on the steel pipe plant
2003.07 Implementation of Ethies Management
2003.11 Completion of Bejiing 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
2006.02 Obtained ISO/TS 29001 certification in Ulsan Factory
2006.08 Completion of Dangjin Factory
2006.11 $700 Million Export Award
2007.01 Completion of Gangso Factory(China)
2007.08 Completion of India Factory
[edit] Competitors
[edit] See also
- Auto parts
- Economy of South Korea
- Hyundai Mobis
- Hyundai Motor Company
- Hyundai Motor Group
- Kia Motors
- List of steel producers
[edit] External links
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