Hyundai Hysco
Encyclopedia
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.
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, 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 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, 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.
1979.05 Completed construction on the steel pipe mill
1981.10 Obtained mill approval by Lloyd's Register of Shipping
1981.11 Received One Hundred Million-Dollar Export Award
1999.03 Completed construction on the cold rolling mill
2001.01 Changed company name to Hyundai Hysco
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
2006.08 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
Steel
Steel is an alloy that consists mostly of iron and has a carbon content between 0.2% and 2.1% by weight, depending on the grade. Carbon is the most common alloying material for iron, but various other alloying elements are used, such as manganese, chromium, vanadium, and tungsten...
and auto parts company, established in 1975, and headquartered in Ulsan
Ulsan
Ulsan , officially the Ulsan Metropolitan City, is South Korea's seventh largest metropolis with a population of over 1.1 million. It is located in the south-east of the country, neighboring Busan to the south and facing Gyeongju to the north and the Sea of Japan to the east.Ulsan is the...
, South Korea
South Korea
The Republic of Korea , , is a sovereign state in East Asia, located on the southern portion of the Korean Peninsula. It is neighbored by the People's Republic of China to the west, Japan to the east, North Korea to the north, and the East China Sea and Republic of China to the south...
. They are a manufacturer of automotive steel sheet products and various steel pipes. Its corporate office is located in Seoul
Seoul
Seoul , officially the Seoul Special City, is the capital and largest metropolis of South Korea. A megacity with a population of over 10 million, it is the largest city proper in the OECD developed world...
, and it also operates in Ulsan
Ulsan
Ulsan , officially the Ulsan Metropolitan City, is South Korea's seventh largest metropolis with a population of over 1.1 million. It is located in the south-east of the country, neighboring Busan to the south and facing Gyeongju to the north and the Sea of Japan to the east.Ulsan is the...
, Dangjin, and Suncheon
Suncheon
Suncheon or Sunchon is the name of two Korean cities:*Sunchon, North Korea*Suncheon, South Korea...
in South Korea
South Korea
The Republic of Korea , , is a sovereign state in East Asia, located on the southern portion of the Korean Peninsula. It is neighbored by the People's Republic of China to the west, Japan to the east, North Korea to the north, and the East China Sea and Republic of China to the south...
with global operations worldwide. Currently, Hyundai Hysco operates three works in Korea, seven overseas processing centers, and five overseas offices internationally.
History
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 since the steel pipe plant had been 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 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, 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
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 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.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
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.Ulsan Works
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 Works
| Overseas Operation | Main Features | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ○ Beijing Hysco | ● Sales (’06) ● Operation ● Facilities
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| ○ Hysco America (located in Alabama Alabama Alabama is a state located in the southeastern region of the United States. It is bordered by Tennessee to the north, Georgia to the east, Florida and the Gulf of Mexico to the south, and Mississippi to the west. Alabama ranks 30th in total land area and ranks second in the size of its inland... ) |
● Sales (’06) ● Operation ● Facilities
|
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| ○ Hysco Slovakia | ● Sales (’06) ● Operation ● Facilities
|
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| ○ Yancheng Hysco | ● Operation ● Facilities
|
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| ○ Hysco India (located in Chennai Chennai Chennai , formerly known as Madras or Madarasapatinam , is the capital city of the Indian state of Tamil Nadu, located on the Coromandel Coast off the Bay of Bengal. Chennai is the fourth most populous metropolitan area and the sixth most populous city in India... ) |
● Operation ● Facilities
|
1970
1975.03 Established Kyung-il Co.,Ltd.1979.05 Completed construction on the steel pipe mill
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
1990
1997.04 Started construction on the cold rolling mill1999.03 Completed construction on the cold rolling mill
2000
2000.11 Received Three Hundred Million-Dollar Export Award2001.01 Changed company name to Hyundai Hysco
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
2006.08 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
See also
- Auto parts
- Economy of South KoreaEconomy of South KoreaSouth Korea has a market economy which ranks 15th in the world by nominal GDP and 12th by purchasing power parity , identifying it as one of the G-20 major economies. It is a high-income developed country, with a developed market, and is a member of OECD...
- Hyundai MobisHyundai MobisHyundai Mobis was established in 1977 as Hyundai Precision & Industries Corporation. It is an auto parts company with headquarters based in Seoul, South Korea. In 2000, the company changed its name to Hyundai Mobis...
- Hyundai Motor CompanyHyundai Motor CompanyHyundai Motor Company is a Korean multinational automaker based in Seoul, South Korea which, along with Kia, comprises the Hyundai Kia Automotive Group, the world's fourth largest automaker as of 2009. As of 2011, it is the world's fastest growing automaker for two years running...
- Hyundai Motor Group
- Kia MotorsKia MotorsKia Motors , headquartered in Seoul, is South Korea's second-largest automobile manufacturer, following the Hyundai Motor Company, with sales of over 1.4 million vehicles in 2010...
- List of steel producers