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[INQ. NO. 1303M23] Taeyang Metal is a company manufacturing cold-forged and precision-processed parts for automobiles, since its founding in 1954. Its accumulated business experience makes it possible for the company to cover a wide variety of cold-forged parts for automotive engines such as cylinder-head bolts, bearingcap bolts, connecting rod-bolts, fly wheel- bolts, crank shaft pulleybolts, etc. and thus allowing the company to lead the development of automobiles areas in Korea.
Acquiring such international certifications as ISO14001 and ISO/TS16949, it focuses on environmentally friendly processes and
quality-focused production.
After accomplishing the accumulated export performance of $30,000,000 in 2004, the maker has started accelerating its drive for expanding its offshore presence while aggressively establishing a foreign corporate in India, the U.S.A. and overseas factory in China.
A recent noteworthy move of the companyis that it started expanding its business activities by delivering its high-class products to wind energy enterprises in Korea. Its global-range competitiveness is well-proved by the fact that it maintains close business partnerships with global companies including Hyundai-Kia.
As of 2012, the company has witnessed significantly improved export performance, up 23 percentage points from the year before, thanks to an increase of exports to the USA, etc. in spite of the prolonged global economic recession.
Taeyang Metal’s active outreach activities in foreign markets propelled its remarkable contribution to the nation’s export drive, as of 2011, recording US$100million in export performance, following its US$ 30 million in 2004, US$ 50 million in 2006, and US$ 70 million in 2008.
A spokesperson of the companyconfidently mentioned the future plans of the company, saying, “We have set an aim of becoming one of the world’s three largest auto parts manufacturers by 2015. To achieve this goal, such strenuous efforts including developing and producing highest-class automotive cold forged parts are being made.We are steadily investing in R&D for developing new material-applied lighter parts. For keeping abreast of the future-oriented trends of an eco-friendly automotive with no engine, we are intensifying our investments in R&D.”
• Taeyang Metal Co., Ltd.
595, Seonggok-dong, Danwon-gu, Ansan, Gyeonggi-do, Korea
Tel: (82-31)490-5563
Fax: (82-31)492-2111
E-mail: codmdqud@taeyangmetal.com
Website: www.taeyangmetal.com
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