Hyundai Hysco
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Public (010520) |
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| Industry | Steel |
| Founded | 1975 |
| Headquarters | Ulsan, South Korea |
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Key people
|
Bong-Jin Park (Chief Executive Officer) |
| Products | Steel Pipes, Auto Lightweight Products |
| Revenue |
 4,046 billion KRW (2013) |
|
161 billion KRW (2013) |
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1,608 billion KRW (2013) |
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| Total assets |
2,258 billion KRW (2013) |
| Total equity |
703 billion KRW (2013) |
|
Number of employees
|
360(2013) |
| Parent | Hyundai Motor Group |
| Website | http://www.hysco.com |
Hyundai Hysco, or HYSCO is a steel company of Hyundai Motor Group, 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 in South Korea with global operations worldwide. Currently, Hyundai Hysco operates a steel pipe facility in Korea, eleven overseas processing centers, and three overseas offices 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.
In November 1982, two years after the steel pipe plant was 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.
For over 20 years, 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 now operates Global Steel Service Center, Automotive Parts Business, Steel Pipe Products,and Resource Development as four core business after partial merger with Hyundai Steel in 2013.
Ulsan works,located at Ulsan-Si Buk-Gu Yumpo-dong,has left performance of breaking through production of 10,000,000 Tons of steel pipe in 1999. It has largely expanded automation system and latest welding facility to increase competency while acquiring ISO14001 and ISO9001 approval as the first steel pipe factory. 1million M/T annual capacity ERW pipe mill up to 24inch O.D.oil and gas linepipe production and stainless pipe mills
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Wikipedia