Gold Tower
for Achievement

Hyundai Mobis Vice Chairman Han wins gold medal for $4 bln in exports

Hyundai Mobis Co.(Vice Chairman Han Kyu-hwan) won the Order of Industrial Merit, Gold Tower, for exporting $4 billion worth of auto parts and accessories at this year's 42nd Trade Day ceremony held at COEX in southern Seoul Nov.30.
The citation said the vice chairman of the auto parts maker has made a great contribution to the growth of exports for the country by exporting $3.128 billion worth of module parts, $767 million worth of after service parts for cars, and others amounting to $55 million so far this year.
By region, the company shipped $1.534 billion worth of auto parts to North America , $1.163 billion to Europe, $399 million to the Middle East and other regions $853 million this year.
Vice Chairman Han of the company was complimented for his role in boosting the company's technology level through tie-ups with a number of famed auto parts makers in the world including Bosch and Alpine. The company dispatched research personnel overseas, in addition to setting up R&D centers abroad, including the U.S., Europe and China to develop high-tech parts and producing them at home and abroad.
The citation continued that the company has made a system of quality management by expanding the ISO/TS quality management system for cooperative partners and its operation units overseas following the company's capture of the quality certificates for three biggest core auto module sectors, thanks to its continued quality management promotion since 2002.
Through its expanded export strategy, the company signed an agreement with DaimlerChrysler, one of the big three car makers in the U.S., to export $180 million worth of rolling chassis modules annually from next year. Since 2002, the company was given credit for operating product exhibitions overseas every year jointly with small auto parts makers. In 2003, they were able to conclude contracts for the sale of $9.2 million worth of auto parts, $53 million in 2003 and $111 million last year.
The company on Sept.8 held the Korean Supplier Expo 2005 at a Nissan Motor technical center in Atsugi City near Tokyo to promote various made-in-Korea parts among Japanese carmakers. It was the first time for a Korean parts maker to hold an exhibition in Japan, where sales of Korean automobiles have not been impressive.
On display were a full lineup of Mobis products, including module systems, braking systems, car audio and navigation systems and a wide range of low-end components. The expo came amid growing attention among Japanese firms for Korean automobile products and the Mobis, which has emerged as a key player in many emerging markets amid growing sales of Korean cars.
During the expo, Japanese carmakers expressed keen interest in Korean module systems that have achieved global competitiveness in terms of quality and technologies. The expo served as a good opportunity for Japanese firms to witness the latest trend of the Korean auto parts industry and technological accomplishments Mobis has made over the past years.
Mobis expects Japan's top three carmakers Toyota Motor, Honda Motor and Nissan Motor to increase orders for Mobis module products, which have been supplied to a number of global carmakers, including Hyundai Motor and Kia Motors. Under a new motto, "Trust and Innovation,"Mobis seeks to emerge as a respected brand in Japan by expanding partnership with Japanese carmakers. The company plans to increase the supply of module systems in the Japanese market, instead of low-end items. Mobis has established module factories in Beijing and Shanghai in China and Montgomery, Alabama, in the U.S. to support sales of Hyundai and Kia, its key affiliates. It plans to build factories in Slovakia in 2006 and India in 2007.
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