Hyundai Mobis’ chassis supply to Fiat Chrysler to top 4 mn by yr-end

The total supply of complete chassis modules https://korean-machinery.com///inquiryby South Korea’s largest auto parts maker Hyundai Mobis Co. for Fiat Chrysler Automobiles NV’s vehicles manufactured in the United States is expected to exceed 4 million units by the end of this year, hundred-fold from the annual supply of 40,000 in the first year of 2006.
Hyundai Mobis on Sunday said its North American factories located in Ohio and Michigan exclusively supply parts for Chrysler vehicles are expected to turn out combined 584,000 units of complete chassis modules this year. From the record so far, the parts maker’s supplies to the U.S. carmaker would reach 4 million by the year-end and set a meaningful milestone for the company’s U.S. factories marking their 10th year in mass production.

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Hyundai Mobis first won the bid to provide complete chassis modules for the Chrysler Jeep Wrangler JK in 2005. A complete chassis module is a core part of a car that integrates 350 components including an engine, transmission, steering and suspension systems in a chassis frame, according to the Korean company.
Hyundai Mobis won orders from Chrysler vehicles after numerous negotiations that brought Chrysler executives to check the production lines of then relatively unknown parts unit of Hyundai Motor.
The Ohio plant established in 2006 has been producing complete chassis module for Chrysler’s main model, Jeep Wrangler, and its Michigan plant established in 2010 supplies front and rear chassis modules for Chrysler Grand Cherokee and Dodge Durango.

< Source: KITA>

 

 

 

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Hyundai Motor to unveil concept sports car of N sub brand at Paris Motor Show

Hyundai Motor Co., South Korea’s largest carmaker, will unveil a concept https://korean-machinery.com///inquirysports car of its N-brand highperformance line developed in cooperation with German chemical giant BASF at the upcoming Paris Motor Show in October.
The new concept sports car is a compact sports car sized between its flagship Sonata and Avante (sold as Elantra in overseas markets) sedans and features a sleek body, according to auto industry sources on Wednesday.
Cutting-edge materials for this high-performance vehicle were jointly developed with BASF. The German chemical company focused on developing materials to ensure the aerodynamic design for the new concept car, increase the engine power and make the body lighter.
The two companies joined forces to develop a concept car six years ago, which was unveiled in Geneva Motor Show 2010. Hyundai Motor released the i-flow, a Sonata-class concept car, where BASF applied liquid metal coating technology that maximizes the contrast depending on light intensity and viewing angle. The two injected up to 5 million euros together to develop new engineering plastic for materials for the car interior and exterior.

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BASF generates 14 percent of about 73 billion euro revenue it raked in 2015 from automotive business. It is the largest manufacturer in automotive coatings and polyurethane car parts and supplies materials and components for high-performance cars such as the AMG of Mercedes Benz and the M Series of BMW. BASF is also unrivaled in color-specific car coating. The company’s color trend updated each year affects car market trends of the year.
Hyundai Motor announced last year that it would begin selling its high-performance N-brand line in 2017 as part of its efforts to upgrade its image for a maker of value for money cars, and it hired Albert Biermann, who was vice president of engineering at BMW’s M performance car division, to lead the development of its high-performance N-brand line in April last year.

< Source: KITA>

 

 

 

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CLM, the World’s First Developer of an Automotive Safety Device that Prevents Things from Being Jammed under the Brake Pedal

[INQ. NO. 1607M37] “Our business goal is to completely eliminate drivers’ concerns over safety accidents in driving, and thus to allow them to https://korean-machinery.com///inquiryenjoy safer and happier lives every day. For this, we have always sought ways to develop a new conceptual device that can solve the issue. And we actually could see the device as a result of longtime intensive investment,” said CLM’s CEO Choi Joung-kyoung.
CLM recently released its automotive safety device “Life Brake” in an effort to greatly decrease the potential occurrence of car accidents caused by things getting stuck beneath the brake pedal. Life Brake is the world’s first device to prevent things from being jammed under the brake pedal. Thus, it can certainly prevent accidents, which can be caused by objects being jammed under the brake such as canned beverages, mineral water bottles and shoes. It can also prevent accidents, which can also be caused by the car mat being rolled back under the brake pedal.

CEO Choi Joung-kyoung

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Life Brake consists of three components – the main body, two wings, and a fixed part. Made of soft synthetic resin, Life Brake can fit in the interior structure of any car. Regardless of type, the driver first has only to insert this product into the space under the brake pedal and make the adjustment as needed. The next three stages allow the driver to enjoy the benefit of the product.
Looking closely back on its development history, in 2009, CLM found structural problems of vehicle brakes and started to develop a brake safety device. CLM saw result of prototype and carried out a performance test by using sponge. In 2012, CLM acquired Korea patent registration for its new product. In 2013, CLM succeeded in releasing a new kind of brake safety device by using a new material of silicon. CLM successfully carried out two million times of test over durability of life brakes, assuring reliable capability. With the product, CLM received a “Gold Award” at the Seoul International Invention Fair in 2013. CLM was designated as the so-called quality assurance supplier and acquired the Q-mark.
CLM finally could take an opportunity to advance into the North American market through participating in AAPEX 2014, the largest-scale automotive parts fair in the United States, through which CLM could capture keen attention of potential buyers, with some amount of actual contracts.
Recently, CLM applied for patents aiming for exports to 11 major nations including Japan. To realize its vision of growing into a major exporter that leads global market trends, CLM is making further intensive efforts based largely on R&D.

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Disc brake calipers

https://korean-machinery.com///inquiry[INQ. NO. 1605M38] Manwoo was established in 1992 and has been developing and producing automotive parts for brakes (calipers/brake housing/brackets) with its first-class equipment and expertise.

Currently, it produces various types of automotive brake parts and machine components with casting, cast steel, forged steel and aluminum. It promises it will deliver all products on the exact due date and to meet its customers’ needs. There are two types of disc brake calipers produced by the company – floating calipers and fixed calipers. The disc brake caliper is the assembly that houses the brake pads and pistons.

The pistons are usually made of plastic, aluminum or chrome-plated steel. The brake caliper is a device which uses a hydraulic system that applies pressure to the brake pads which in turn squeeze the braking disc to produce vehicle deceleration Manwoo has more than 20 years of manufacturing experience based on quality technologies, exporting its major products mainly to the U.S market over the past 10 years.

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Steering wheel covers

https://korean-machinery.com///inquiry[INQ. NO. 1605M39] UB Korea with the corporate philosophy “the company keeping promises” strives to develop further business in the automobile field. It operates its business based on trust, quality and good relationships with its partners and consumers.
Started as a car mat manufacturer in 1996, today it provides a wide range of car accessory products to domestic markets as well as foreign buyers from Russia, India, Japan, and Vietnam. It is further committed to becoming a regional industry leader in Korea, remaining as the company that faithfully keeps its promises to customers.
For this year’s overseas marketing, UB Korea plans to promote its recently released steering wheel covers in the targeted overseas markets as a major product, expecting it will generate considerable amounts of exports within the next few years.
The products are basically designed with elegant form featuring multi-functions. They are easy to install, and protect the hands of drivers from slipping on steering wheels. The products give abundant volume and good grip feelings to drivers, increasing the possibility of safety driving. Now various types of steering wheel covers are manufactured, ready to be chosen by drivers around the world. The company manufactures various sizes of these products, for any demands.

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Developing into a Global Celebrated Manufacturer of Auto Air Bag Covers

https://korean-machinery.com///inquiry

[INQ. NO. 1603M45]  Pungjin Solution has developed its specialty of mainly manufacturing automobile air bag covers, an essential automobile safety part, backed by advantageous background environment of industrial city of Ulsan, the Korea’s largest industrial complex, with the initial name of Pungjin company in 2000.

In 2006, Pungjin Solution was established under the current company name finally, so that it could stably produce various kinds of air bag covers including DAB, PAB, SAB, air back housing, etc., contributing to the localization of parts, increase of the nation’s exports.

Untitled-93In a response to the swiftly changing global market, Pungjin Solution has early tried to develop lighter new air bag cover products and to raise global talents. Thus, it could successfully be adapted to new markets. Pungjin Solution attributes the driving force of its consistent growth to such sensitive, timely response to the global market change.

Pungjin Solution’s representative director Lee Jae-chen responded to such questions as what two most important management priorities and what his ultimate future vision was, saying, “We will continue to make our creative efforts for R&D, and to raise top-profile tech manpower and we will become a global well-known automotive parts manufacturer.” We also produce air bag housings, one of the basic air bag products. Under the current situation of global market where steel housing products dominate, we continue to develop lighter plastic housing products in an effort to release more competitive products aimed at the global market. These lighter plastic housing products are expected to contribute to the saving of automobile’s fuel and to cost-saving. I think company in today is a kind of giant living creature. So, l would like to interpret about my management philosophy as “Our company will have to be reborn depending on the surrounding business environment, like a chameleon, which is a talented animal in changing its body color according to the surrounding environment,” said the president when asked about his business management philosophy.

Untitled-94Through its accumulated business relationship not only with major domestic companies, but also with global companies such as TRW, Autoliv, Key Safety, TAKATA, etc., Pungjin Solution could gather enough know-how to fully meet the demands of the quality standardization meeting international standards and of stable production.

 

The major export markets are the United States, China, and Eastern Europe. Based on the trade infra built with markets in such nations, Pungjin Solution is further seeking ways to expand its export market into markets of South America, Japan, and South Europe.

Pungjin Solution early introduced the Six Sigma management techniques to fully provide products, techniques, and services, requested by customers, under the rapidly changing global management environment of global economy’s openness and globalization. Placing a big weight on ISO14001 and ISO/TS16949, Pungjin Solution has emphasized the level of valuation on delivery date and quality from customer companies.

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Central Asian Market, High Entry Barriers but Blue Ocean with Many Opportunities

KITA and the Ministry of Trade, Industry and Energy jointly recently held the “Public-Private Central Economic Cooperation Commission”.

After the summit diplomacy in June, last year, the cooperative mood has been developed between Korea and the Central Asia and the Public-Private Central Economic Cooperation Commission was established in September, last year. In the Commission, KITA is in charge of two countries, Turkmenistan and Azerbaijan, the Korea Chamber of Commerce and Industry works with Uzbekistan, Kyrgyzstan and Tajikistan, and the Federation of Korean Industries takes care of Kazakhstan. KITA takes on the secretariat of the commission and has supported the operation of task force for each country as well as advisory committ ee for each area.

Seventy people, including Vice-Minister Moon Jae-do of MOTIE and Vice Chairman Kim Jung-kwan of KITA, the members of Economic Commission from fi ve countries and offi cials from the companies who have entered into Central Asian countries, participated in the event. During the meeting, presentations on ▲the achievements of economic cooperation with Central Asian countries and how to run the Economic Cooperation Commission in the future (by KITA) ▲ success stories of business expansion into Central Asian countries (by GS E&C, HS International and Sigong Tech) and ▲ the economic cooperation strategies with Central Asian countries and entry measures were delivered followed by expert discussions. Through the presentation on the achievements of economic cooperation with Central Asian countries and how to run the Economic Cooperation Commission in the future, KITA shared the outcomes of entry into Central Asian countries such as dispatching public private joint delegation, holding intergovernmental joint committ ee, supporting activities to receive orders, etc.

As success stories, GS E&S shared the UGCC gas project, which the company received the order in 2012, and MTO project that the company signed the MOU when President Islam Karimov of Uzbekistan visited Korea in May, this year. HS International shared its experience how they overcame the weakness as an SME by identifying the characteristics of Central Asian region and taking advantage of them. Sigong Tech introduced its success story of receiving the national museum construction order from Kazakhstan by tackling the niche market.

Professor Yoon Sung-hak at Korea University suggested public-private joint projects by taking advantage of the current status of Central Asia and international relations, joint entry with China and Russia and PPP strategy as entry measures into Central Asia during his speech on the economic cooperation strategies with Central Asian countries and entry measures. Professor Park Sang-nam at Hanshin University, PhD. Na Hee-seung at the Korea Railroad Research Institute, Ph.D. Je Sung-hoon at the Korea Institute for International Economic Policy and Ph.D. Oh Young-il at POSCO Research Institute took part in the expert discussion session and discussed the expansion of economic cooperation with Central Asian countries and development of entry foundation as well as the private and public collaboration measures.

Vice-Chairman of Kim Jung-kwan of KITA stated in his opening speech “Central Asia has high entry barriers with immigration visa issue, limited information about the countries, payment problem, etc. However, it can be a blue ocean in which the competition with the third countries is not severe.” He also mentioned “KITA will actively carry out supports, such as resolving diffi culties for Korean businesses, implementing B2B consultation sessions and providing market information based on the discussion results from the Central Economic Cooperation Commission for Korean companies to make inroads into Central Asian countries.”

 
 
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Decreasing Share in China’s Domestic Market, Red Light on Export Competitiveness

China’s importing structure is moving towards domestic consumption from processing trade. However, it appears that Korea’s competitiveness is weakening as its market share in China’s domestic market for manufactured goods declined last year. The Institute for International Trade (President, Kim Geuk-soo, htt p://iit.kita.net) of Korea International Trade Association issued a report titled “An Analysis on China’s Import Market of Manufactured Goods.” According to the report, China’s imports of manufactured products from Korea increased by 3.9 percent but the imports for domestic consumption accounted for only 1.6 percent. In addition, Korea’s share in the market dropped to 10.6 percent last year from 11.0 percent. By country, market shares of Korea (-0.4%p) and Japan (-0.6%p) declined while Taiwan (0.7%p), Germany (0.8%p) and Britain (0.3%p) did well in China’s domestic market expanding their shares.

Korea, China’s third largest importing partner of manufactured goods for domestic consumption, has lost ground in Shanghai (4th → 6th), Zhejiang Province (2nd → 3rd) and Fujian Province (4th → 6th) in terms of export ranking. Korean exporters also saw their ranking slide below top-ten in fi ve provinces out of twelve inland provinces in the Middle and Northwestern regions indicating that their exports to those areas are still behind. In addition, Korea’s market share fell in the cities such as Kunshan (Jiangsu Province), Weifang (Shandong Province) and Shenzhen (Guangdong Province) in which the imports have been dramatically increased. Also, Korean exporters’ shares in consumer goods markets in Hangzhou (Zhejiang Province), Wuhan (Hubei Province) and Shenyang (Liaoning Province) dropped and it is required for Korean companies to make active eff orts to promote exports to those regions. However, since the portion of Chinese private companies’ imports from Korea is bigger than other major countries while the imports of foreign investment companies are insignifi cant, the business network between the private companies in the two countries and the foundation for Korean companies to make inroads into China are good. Furthermore, the report states that Korea has made positive achievement in consumer goods market in China as China’s imports of consumer products (except for cars) for domestic consumption rose by 10.3 percent and Korea’s market share increased from 6.6 percent to 6.7 percent last year.

By item, it is expected that Korea’s exports will continue to expand in the markets that Korea has secured its competitiveness such as car parts, memory chips, camera modules, lithium-ion batt eries, metal machine tools, plastics, high-speed steel zinc, etc. as China’s imports of those products for domestic consumption are signifi cantly increasing. Moreover, China’s imports of consumer goods, including juicer, non-alcoholic beverages, diapers, air purifi ers and refrigerators are dramatically growing and Korea’s shares in these markets are high. Therefore, Korea will be able to expand its exports to those markets in China.

Jang Sang-shik, senior research fellow at KITA said “China’s imports of manufactured goods for domestic consumption continues to grow. In order for Korean companies to tackle the decrease in exports, they need to aggressively focus on China’s domestic market.” He also stressed “It is necessary for Korean exporters to enhance competitiveness of intermediate goods and capital goods as Korea is losing its market share in those areas, bridge the market share gap between Korea and the advanced countries in the high income cities such as Shanghai and actively make inroads into the consumption hub in the Midwest region.”

 
 
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Developing into a global celebrated auto air bag covers manufacturer

[INQ. NO. 1511M22] Pungjin Solution has developed its specialty of mainly manufacturing automobile air bag covers, an essential automobile safety part, backed by advantageous background environment of industrial city of Ulsan, the Korea’s largest industrial complex, with the initial name of Pungjin company in 2000.

Pungjin https://korean-machinery.com///inquiry In 2006, Pungjin Solution was established under the current company name finally, so that it could stably produce various kinds of air bag covers including DAB, PAB, SAB, air back housing, etc., contributing to the localization of parts, increase of the nation’s exports.

In a response to the swiftly changing global market, Pungjin Solution has early tried to develop lighter new air bag cover products and to raise global talents. Thus, it could successfully be adapted to new markets. Pungjin Solution attributes the driving force of its consistent growth to such sensitive, timely response to the global market change.

Pungjin_1 Pungjin Solution’s representative director Lee Jaechen responded to such questions as what two most important management priorities and what his ultimate future vision was, saying, “We will continue to make our creative efforts for R&D, and to raise top-profile tech manpower and we will become a global wellknown automotive parts manufacturer.”

We also produce air bag housings, one of the basic air bag products. Under the current situation of global market where steel housing products dominate, we continue to develop lighter plastic housing products in an effort to release more competitive products aimed at the global market. These lighter plastic housing products are expected to contribute to the saving of automobile’s fuel and to cost-saving. I think company in today is a kind of giant living creature. So, l would like to interpret about my management philosophy as “Our company will have to be reborn depending on the surrounding business environment, like a chameleon, which is a talented animal in changing its body color according to the surrounding environment,” said the president when asked about his business management philosophy.

Through its accumulated business relationship not only with major domestic companies, but also with global companies such as TRW, Autoliv, Key Safety, TAKATA, etc., Pungjin Solution could gather enough know-how to fully meet the demands of the quality standardization meeting international standards and of stable production. The major export markets are the United States, China, and Eastern Europe. Based on the trade infra built with markets in such nations, Pungjin Solution is further seeking ways to expand its export market into markets of South America, Japan, and South Europe.

Pungjin Solution early introduced the six Sigma management techniques to fully provide products, techniques, and services, requested by customers, under the rapidly changing global management environment of global economy’s openness and globalization. Placing a big weight on ISO14001 and ISO/TS16949, Pungjin Solution has emphasized the level of valuation on delivery date and quality from customer companies.

 
 
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Gas spring

[INQ. NO. 1510M39] Kapco’s gas spring can be used for all applications, including door opening and force assistance, requiring convenience and control.

Gas-spring https://korean-machinery.com///inquiry The gas spring is usually mounted to the tail gate or hood/bonnet and makes for easy lifting/lowering of the coverlet. It is utilized for the adjustment of reaction force of application, which requires convenience and easiness of operating.

More specifically speaking, the product’s benefits include sustaining of the constant elasticity change rate, even in high force and long stroke, easy mounting and installing in any application at any position, automatic operational dampening function without any additional adjustment device and adjustable compression and extension speed.

Furthermore, reaction force can be adjustable at any time of usage (in case of charge up).

Despite its short business history, the company is becoming one of the leading companies in Korea in the field, thanks to its ceaseless efforts for upgrading its prestigious items to maximize customer satisfaction in terms of convenience and safety.

 
 
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