Hwashin Precision Engineering, established in 1991 as an affiliate of Hwashin Group, specializes in manufacturing automotive chassis and body parts, precision machined components, and repair parts. The company primarily focuses on core chassis components such as cross members, control arms, and axle housings, engaging in both automotive parts manufacturing and raw material processing for vehicle manufacturers. With the shift towards eco-friendly vehicles, the company is actively developing aluminum lower arms and lightweight components, and establishing an EV new business system to secure competitiveness in the future automotive market.HwashinPrecisionEngineering,establishedin1991asanaffiliateofHwashinGroup,specializesinmanufacturingautomotivechassisandbodyparts,precisionmachinedcomponents,andrepairparts.Thecompanyprimarilyfocusesoncorechassiscomponentssuchascrossmembers,controlarms,andaxlehousings,engaginginbothautomotivepartsmanufacturingandrawmaterialprocessingforvehiclemanufacturers.Withtheshifttowardseco-friendlyvehicles,thecompanyisactivelydevelopingaluminumlowerarmsandlightweightcomponents,andestablishinganEVnewbusinesssystemtosecurecompetitivenessinthefutureautomotivemarket.
Key Products/TechnologiesKeyProducts/Technologies
Automotive Chassis Components: Production of essential parts like cross members, front lower arms (FRT ARM), spindle plates (SPINDLE PLATE), and rear suspension arms, which support vehicle weight and mitigate vibration and noise.AutomotiveChassisComponents:Productionofessentialpartslikecrossmembers,frontlowerarms(FRTARM),spindleplates(SPINDLEPLATE),andrearsuspensionarms,whichsupportvehicleweightandmitigatevibrationandnoise.
Precision Machined Parts and Repair Parts: Expertise in precision machining, including cutting processes for automotive transmission parts, and supply of various repair components.PrecisionMachinedPartsandRepairParts:Expertiseinprecisionmachining,includingcuttingprocessesforautomotivetransmissionparts,andsupplyofvariousrepaircomponents.
Eco-friendly and EV Parts Technology: Development of aluminum lower arms, lightweight components, and establishment of an EV new business system to address the future mobility (PBV) market.Eco-friendlyandEVPartsTechnology:Developmentofaluminumlowerarms,lightweightcomponents,andestablishmentofanEVnewbusinesssystemtoaddressthefuturemobility(PBV)market.
Robotic Automation System in Production: Implementation of robotic automation in production lines to enhance product quality stability, improve productivity, and optimize the working environment.RoboticAutomationSysteminProduction:Implementationofroboticautomationinproductionlinestoenhanceproductqualitystability,improveproductivity,andoptimizetheworkingenvironment.
Advanced Technology Research and Development: Strong R&D capabilities utilizing various software for product design (CATIA V5/V4, Pro-E, UG), stress analysis (NASTRAN), fatigue analysis (FATIGUE, Design Life), multi-body dynamics (ADAMS), crash analysis (PAM-STAMP 2G, LS-DYNA), buckling analysis (ABAQUS), and stamping analysis (PAM-STAMP 2G, LS-DYNA, AUTOFORM).AdvancedTechnologyResearchandDevelopment:StrongR&Dcapabilitiesutilizingvarioussoftwareforproductdesign(CATIAV5/V4,Pro-E,UG),stressanalysis(NASTRAN),fatigueanalysis(FATIGUE,DesignLife),multi-bodydynamics(ADAMS),crashanalysis(PAM-STAMP2G,LS-DYNA),bucklinganalysis(ABAQUS),andstampinganalysis(PAM-STAMP2G,LS-DYNA,AUTOFORM).
Core AdvantagesCoreAdvantages
Superior Quality Competitiveness and Productivity: Stable business performance with 15 consecutive years of profitability, demonstrating high-quality competitiveness and differentiated productivity within the industry.SuperiorQualityCompetitivenessandProductivity:Stablebusinessperformancewith15consecutiveyearsofprofitability,demonstratinghigh-qualitycompetitivenessanddifferentiatedproductivitywithintheindustry.
Advanced Technology Research and Development Capabilities: Continuous investment in new technology and product R&D since the establishment of its corporate research institute in 1987, coupled with industry-academia-research collaborations.AdvancedTechnologyResearchandDevelopmentCapabilities:ContinuousinvestmentinnewtechnologyandproductR&Dsincetheestablishmentofitscorporateresearchinstitutein1987,coupledwithindustry-academia-researchcollaborations.
Global Production Network and Customer Expansion: Establishment of a global supply chain through Hwashin Group's overseas subsidiaries (USA, China, India, Brazil, etc.) and supply of products to major domestic and international finished vehicle and component manufacturers, including Hyundai Motors, Kia Motors, Hyundai Mobis, Hyundai Transys, GM Korea, and Volkswagen.GlobalProductionNetworkandCustomerExpansion:EstablishmentofaglobalsupplychainthroughHwashinGroup'soverseassubsidiaries(USA,China,India,Brazil,etc.)andsupplyofproductstomajordomesticandinternationalfinishedvehicleandcomponentmanufacturers,includingHyundaiMotors,KiaMotors,HyundaiMobis,HyundaiTransys,GMKorea,andVolkswagen.
Proactive Response to Future Mobility Market: Focused development of eco-friendly and electric vehicle components, lightweight parts, and low-floor products to promptly address the evolving paradigm of future mobility.ProactiveResponsetoFutureMobilityMarket:Focuseddevelopmentofeco-friendlyandelectricvehiclecomponents,lightweightparts,andlow-floorproductstopromptlyaddresstheevolvingparadigmoffuturemobility.
Smart Factory System Implementation: Adoption of robotic automation in production processes leading to increased productivity, reduced defect rates, improved working conditions, and recognition as an excellent smart factory.SmartFactorySystemImplementation:Adoptionofroboticautomationinproductionprocessesleadingtoincreasedproductivity,reduceddefectrates,improvedworkingconditions,andrecognitionasanexcellentsmartfactory.
Target IndustrieTargetIndustrie
Automotive Industry: Supply of chassis and body components for various vehicle types, including passenger cars, commercial vehicles, SUVs, electric vehicles, hybrid buses, and hydrogen buses.AutomotiveIndustry:Supplyofchassisandbodycomponentsforvariousvehicletypes,includingpassengercars,commercialvehicles,SUVs,electricvehicles,hybridbuses,andhydrogenbuses.
Future Mobility Industry: Potential for supplying core components to the future mobility (PBV) market through the development of eco-friendly and electric vehicle parts.FutureMobilityIndustry:Potentialforsupplyingcorecomponentstothefuturemobility(PBV)marketthroughthedevelopmentofeco-friendlyandelectricvehicleparts.
Major MarketsMajorMarkets
India, China, VietnamIndia,China,Vietnam
USAUSA
BrazilBrazil
Certifications/PatentsCertifications/Patents
Acquisition of ISO/TS16949 (2004) and ISO14001 (2004) certifications.AcquisitionofISO/TS16949(2004)andISO14001(2004)certifications.
Patent acquisition for automotive lower arm (2012).Patentacquisitionforautomotivelowerarm(2012).
Two patents registered (prior to 2020).Twopatentsregistered(priorto2020).
Designation as Hyundai Mobis's best subcontractor (2012) and recipient of excellent subcontractor awards (annually since 2002).DesignationasHyundaiMobis'sbestsubcontractor(2012)andrecipientofexcellentsubcontractorawards(annuallysince2002).
Selection as a new growth company in Gyeongsangbuk-do (2013).SelectionasanewgrowthcompanyinGyeongsangbuk-do(2013).
Recipient of the 5 Million Dollar Export Tower Award (prior to 2019).Recipientofthe5MillionDollarExportTowerAward(priorto2019).
Commendation as an exemplary taxpayer at the 41st Taxpayer's Day Award (2007).Commendationasanexemplarytaxpayeratthe41stTaxpayer'sDayAward(2007).
Introduction
Location
14 Eonhagongdan 1-gil, Yeongcheon, Gyeongsangbuk-do, South Korea
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Information
14 Eonhagongdan 1-gil, Yeongcheon, Gyeongsangbuk-do, South Korea