Hyosung Corporation (004800)

Overview

Hyosung Corporation is a conglomerate with a global presence, operating in various sectors including textiles, trading, power and industrial systems, construction, industrial materials, chemicals, and information and communication. Established in 1966 and headquartered in Seoul, South Korea, the company leverages its broad network of subsidiaries to produce and supply a wide range of products and solutions across the world. Through its diverse business operations, Hyosung aims to meet the complex demands of its global clientele, providing innovative products and services that encompass the entire value chain from raw materials to finished goods and after-sales services.

Products and Services

• Textiles:

  Hyosung manufactures high-quality nylon and polyester yarns and fabrics, including dyed and finished products. It is also known for its spandex products marketed under the creora brand, catering to general apparel, workwear, and industrial applications.

• Trading:

  The company exports steel and metal products and trades in chemicals including synthetic fiber materials, plastic products, precision chemicals, chemical products for mining and lighting, fertilizers, and more.

• Power and Industrial Systems:

  Hyosung offers a comprehensive range of power system products such as transformers, circuit breakers, and advanced solutions like STATCOM and high-voltage direct current transmission systems. It delivers turnkey solutions, condition monitoring systems, and maintenance and automation services for power and process systems.

• Construction:

  Engages in civil engineering, construction, and residential development, showcasing Hyosung's capabilities in creating infrastructural and living spaces.

• Industrial Materials:

  The production of industrial yarns, advanced materials, tire reinforcements, airbags, and carpets reflects the company's focus on providing high-quality materials for various industrial applications.

• Chemicals:

  Hyosung manufactures a wide range of chemical products including polypropylene under the TOPILENE brand, purified terephthalic acid, nylon and polyester films, and specialty gases among others, indicating its diverse capabilities in chemical manufacturing.

• Information and Communication:

  The company is involved in the ICT sector, providing ATMs, ICT services, and IT and contact center Services. It also manufactures LED display systems and offers construction landscape lighting, emphasizing its technological prowess in this field.

• Energy and Environment:

  Hyosung is actively involved in producing energy storage systems, solar inverters, EPC products, and wind turbines, underlining its commitment to sustainable energy solutions. Additionally, it provides environmental products like chemical equipment, industrial gas supplying systems, and desalination systems.

• Other Services:

  Beyond its core manufacturing and trading activities, Hyosung operates a financial platform, demonstrating its versatility in service offerings. It also manages a frozen storage warehouse, contributing to its expansive portfolio of services.