HDC Hyundai EP
HDC現代EP
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Company type
| Public
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Founded
| Jan, 2000
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Headquarters
| Chungcheongnam-do
,
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Key people
| CHUNG JOONG KYU
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Number of employees
| 398
(2017)
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Website
| www
.hdc-hyundaiep
.com
|
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Founded in 1988 as the Petrochemical Division of HDC Group,
Hyundai EP
signed technology transfer contract with Solvay Engineered Polymer in 1991, focusing on developing advanced technologies, and built a compounding factory in Dangjin in 1994 to start developing and producing automobile bumpers and interior materials. After the department's separation from
HDC
in January 2000, Hyundai Engineering Plastic was established and strived to pioneer an independent market. Hyundai EP is developing fast with 25% of average annual growth since its foundation in 2000.
Hyundai EP has four Business Units (PP Compounding BU, PE Compounding BU, PS/EPS BU and PB-1 PIPE BU). The
Dangjin
factory produces super engineering plastic, which can replace metals, based on the company's accumulated technologies and experiences, while the Jincheon factory is focused on producing PE compound, which is used for rubber parts of automobiles and electric and electronic products, steel pipe coating and adhesion materials, construction pipes, and containers, etc. The
Ulsan
factory of Hyundai EP has EPS and PS production lines, and the
Jochiwon
factory, after acquiring the construction material department from PEM Korea, develops and produces PB pipe, which is great for energy saving. Meanwhile, having taken the top market share in the automobile PP compound market, with 25% of average annual growth rate, Hyundai EP creates more enriched future with ceaseless challenge even in the top position.
Hyundai EP is building a global network of manufacturing bases connecting
Nagoya
in
Japan
,
Beijing
,
Suzhou
,
Guangzhou
, and
Dafeng
, in
China
, and
Chennai
in
india
. In addition, through the partnership with LyondellBasell, the company is striving to expand the market to
Turkey
,
Czech Republic
,
Slovakia
,
Brazil
, and
Alabama
and
Georgia
, US.
With continuous research and development for the last 25 years and discovery of domestic and international markets, Hyundai EP has won several Export Awards such as 10 Million Dollars in 2007, 50 Million Dollars in 2008, 70 Million Dollars in 2010, 200 Million Dollars in 2011. Also in 2012, Hyundai EP was awarded the 'IR 52 Jan Young-Sil' with 'Cloth Looking Filler Trim'.
[
citation needed
]
See also
[
edit
]
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Subsidiaries
| Current
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Former and defunct
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Successors
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People
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