NARA M&D Co., Ltd. is a specialized mold company spun off from LG Electronics' Production Technology Center's mold factory, primarily engaged in the manufacturing of molds, mold equipment, and mold parts essential for mass production in industries such as automotive, display, mobile phones, and home appliances. The company is securing future growth engines through its EV battery pack and ESS injection molded parts production business, having established a global production infrastructure with seven domestic and international subsidiaries.NARAM&DCo.,Ltd.isaspecializedmoldcompanyspunofffromLGElectronics'ProductionTechnologyCenter'smoldfactory,primarilyengagedinthemanufacturingofmolds,moldequipment,andmoldpartsessentialformassproductioninindustriessuchasautomotive,display,mobilephones,andhomeappliances.ThecompanyissecuringfuturegrowthenginesthroughitsEVbatterypackandESSinjectionmoldedpartsproductionbusiness,havingestablishedaglobalproductioninfrastructurewithsevendomesticandinternationalsubsidiaries.
Key Products/TechnologiesKeyProducts/Technologies
Press Dies: Utilized for automotive parts (transmission, torque converter parts, seat parts, body and chassis parts, fuel cell parts, etc.), home appliances (air conditioners, refrigerators, washing machines, dishwashers, compressors, etc.), and motor cores for EV and home appliances. Expertise in manufacturing high-precision and large-sized press dies.PressDies:Utilizedforautomotiveparts(transmission,torqueconverterparts,seatparts,bodyandchassisparts,fuelcellparts,etc.),homeappliances(airconditioners,refrigerators,washingmachines,dishwashers,compressors,etc.),andmotorcoresforEVandhomeappliances.Expertiseinmanufacturinghigh-precisionandlarge-sizedpressdies.
Injection Molds: Used for automotive interior/exterior parts, HVAC parts, door panels, radiator parts, EV battery packs, and home appliance parts (TVs, air conditioners, refrigerators, washing machines, etc.). Capability in producing precision small and large plastic injection molds.InjectionMolds:Usedforautomotiveinterior/exteriorparts,HVACparts,doorpanels,radiatorparts,EVbatterypacks,andhomeapplianceparts(TVs,airconditioners,refrigerators,washingmachines,etc.).Capabilityinproducingprecisionsmallandlargeplasticinjectionmolds.
Part Production: Mass production of various automotive components such as tapered & clutch released bearing cages, seat rail parts & track assemblies, seat side member parts & assemblies, transmission & torque converter parts, EGR cooler parts & assemblies, roller rocker arm bodies, tappets, and fuel pump parts.PartProduction:Massproductionofvariousautomotivecomponentssuchastapered&clutchreleasedbearingcages,seatrailparts&trackassemblies,seatsidememberparts&assemblies,transmission&torqueconverterparts,EGRcoolerparts&assemblies,rollerrockerarmbodies,tappets,andfuelpumpparts.
Innovative Technologies: Development and application of advanced molding technologies including Paint Free molding technology, Injection Compression Molding (ICM), In-mold Gate Automatic Cutting (ICGC), Resin Integration Technology for Sheet Metal Parts, Two-shot Injection Molding Technology, MuCell Molding Technology, MuCell+Two-shot Injection Molding Technology, and Water Injection Technology (WIT) molds.InnovativeTechnologies:DevelopmentandapplicationofadvancedmoldingtechnologiesincludingPaintFreemoldingtechnology,InjectionCompressionMolding(ICM),In-moldGateAutomaticCutting(ICGC),ResinIntegrationTechnologyforSheetMetalParts,Two-shotInjectionMoldingTechnology,MuCellMoldingTechnology,MuCell+Two-shotInjectionMoldingTechnology,andWaterInjectionTechnology(WIT)molds.
Core AdvantagesCoreAdvantages
Spin-off from LG Electronics' Mold Factory: Established in 1999 as a spin-off from LG Electronics, inheriting advanced mold technology and know-how from the outset, ensuring a strong technological foundation.Spin-offfromLGElectronics'MoldFactory:Establishedin1999asaspin-offfromLGElectronics,inheritingadvancedmoldtechnologyandknow-howfromtheoutset,ensuringastrongtechnologicalfoundation.
Advanced Mold and Part Production Technology & Management: Engages in both mold manufacturing and the production of automotive and home appliance parts using molds, maximizing quality stability and production capacity.AdvancedMoldandPartProductionTechnology&Management:Engagesinbothmoldmanufacturingandtheproductionofautomotiveandhomeappliancepartsusingmolds,maximizingqualitystabilityandproductioncapacity.
Expansion into EV Battery Pack and ESS Injection Parts: Emerged as a key supplier of battery packs to LG Chem (now LG Energy Solution), securing growth drivers by responding to global EV market demand through domestic and international production infrastructure.ExpansionintoEVBatteryPackandESSInjectionParts:EmergedasakeysupplierofbatterypackstoLGChem(nowLGEnergySolution),securinggrowthdriversbyrespondingtoglobalEVmarketdemandthroughdomesticandinternationalproductioninfrastructure.
Global Production and Customer Network: Established a global production infrastructure with seven domestic and international subsidiaries (Indonesia, China, Poland, Mexico, etc.), securing major domestic and international automotive parts manufacturers such as Hyundai Mobis, GM Korea, VALEO, MARELLI CORP, Delphi, and Denso as clients.GlobalProductionandCustomerNetwork:Establishedaglobalproductioninfrastructurewithsevendomesticandinternationalsubsidiaries(Indonesia,China,Poland,Mexico,etc.),securingmajordomesticandinternationalautomotivepartsmanufacturerssuchasHyundaiMobis,GMKorea,VALEO,MARELLICORP,Delphi,andDensoasclients.
High-Value-Added Mold Technology: Holds the top position in the domestic market and is among the top 5 globally for automotive automatic transmission mold technology, currently developing molds capable of producing parts for 9-speed transmissions.High-Value-AddedMoldTechnology:Holdsthetoppositioninthedomesticmarketandisamongthetop5globallyforautomotiveautomatictransmissionmoldtechnology,currentlydevelopingmoldscapableofproducingpartsfor9-speedtransmissions.
R&D Investment and Intellectual Property: Invests approximately 4-5% of its annual revenue in R&D and has completed nine national R&D projects in collaboration with government agencies such as the Ministry of Trade, Industry and Energy and the Ministry of SMEs and Startups. Acquired multiple patents, including those for drum washing machine stator core mold devices, injection molding dies, and corner simultaneous forming bending mold devices.R&DInvestmentandIntellectualProperty:Investsapproximately4-5%ofitsannualrevenueinR&DandhascompletedninenationalR&DprojectsincollaborationwithgovernmentagenciessuchastheMinistryofTrade,IndustryandEnergyandtheMinistryofSMEsandStartups.Acquiredmultiplepatents,includingthosefordrumwashingmachinestatorcoremolddevices,injectionmoldingdies,andcornersimultaneousformingbendingmolddevices.
Target IndustrieTargetIndustrie
Automotive Industry: Press and injection molds for automotive parts (transmission, seat, chassis, engine, fuel cell, etc.), and mass production of automotive parts.AutomotiveIndustry:Pressandinjectionmoldsforautomotiveparts(transmission,seat,chassis,engine,fuelcell,etc.),andmassproductionofautomotiveparts.
Home Appliance Industry: Press and injection molds for various home appliance parts such as TVs, air conditioners, refrigerators, washing machines, dishwashers, and compressors.HomeApplianceIndustry:PressandinjectionmoldsforvarioushomeappliancepartssuchasTVs,airconditioners,refrigerators,washingmachines,dishwashers,andcompressors.
Display Industry: Molds required for display product manufacturing.DisplayIndustry:Moldsrequiredfordisplayproductmanufacturing.
Motor Core Industry: Manufacturing of motor cores for EV and home appliances.MotorCoreIndustry:ManufacturingofmotorcoresforEVandhomeappliances.
Secondary Battery Industry: Mass production of EV battery pack and ESS (Energy Storage System) injection molded parts.SecondaryBatteryIndustry:MassproductionofEVbatterypackandESS(EnergyStorageSystem)injectionmoldedparts.
Major MarketsMajorMarkets
Indonesia, ChinaIndonesia,China
Poland, GermanyPoland,Germany
USA, MexicoUSA,Mexico
Certifications/PatentsCertifications/Patents
Quality and Environmental Certifications: Acquired quality and environmental management system certifications such as ISO9001, TS16949, ISO14001, and SQ Mark.QualityandEnvironmentalCertifications:AcquiredqualityandenvironmentalmanagementsystemcertificationssuchasISO9001,TS16949,ISO14001,andSQMark.
Government and Institutional Recognition: Selected as an 'Excellent Company' and 'WC300' by the Small and Medium Business Administration. Registered and certified as a 'Strong Small and Medium Enterprise' by the Ministry of Employment and Labor.GovernmentandInstitutionalRecognition:Selectedasan'ExcellentCompany'and'WC300'bytheSmallandMediumBusinessAdministration.Registeredandcertifiedasa'StrongSmallandMediumEnterprise'bytheMinistryofEmploymentandLabor.
Awards: Awarded the '50 Million Dollar Export Tower' on Trade Day (2013).Awards:Awardedthe'50MillionDollarExportTower'onTradeDay(2013).
Patents: Patents related to mold devices and manufacturing methods for drum washing machine stator cores. Patents related to injection molding dies equipped with weld-less processors. Patent for corner simultaneous forming bending mold devices. Development of composite mold technology for sunroof frame molding using CFRTP Prepreg. Development of supercritical fluid mold technology for reducing deformation and lightening automotive door module panels.Patents:Patentsrelatedtomolddevicesandmanufacturingmethodsfordrumwashingmachinestatorcores.Patentsrelatedtoinjectionmoldingdiesequippedwithweld-lessprocessors.Patentforcornersimultaneousformingbendingmolddevices.DevelopmentofcompositemoldtechnologyforsunroofframemoldingusingCFRTPPrepreg.Developmentofsupercriticalfluidmoldtechnologyforreducingdeformationandlighteningautomotivedoormodulepanels.
Introduction
Location
675 Gongdan-ro, Seongsan-gu, Changwon-si, Gyeongsangnam-do, South Korea
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Information
675 Gongdan-ro, Seongsan-gu, Changwon-si, Gyeongsangnam-do, South Korea