Hanon Systems (Hanon), a subsidiary of Hahn & Co Auto Holdings Co Ltd, is a manufacturer of automotive thermal management systems. It develops, manufactures and markets automotive climate control products. It The company offers products including heating, ventilation and air conditioning (HVAC) modules and systems, compressors, powertrain cooling modules, thermal and energy management products, and emission products. The company's products also include refrigerant lines, metal seal fitting, accumulator, water-cooled transmission oil cooler, air charge air cooler, fragrance system and omnifarious HVAC. It also offers variable displacements, conventional blade fans and motor assembly, UV (ultraviolet) LED photocatalyst and improved drainage and coating evaporator core products. Hanon caters its products to automakers and vehicle manufacturers. The company operates in the Americas, Asia, South Asia and Europe. Hanon is headquartered in Daejeon, South Korea.
Headquarters
South Korea
Address
95, Sinilseo-Ro, Daedeok-Gu, Daejeon, 34325
Website
www.hanonsystems.com/En
Telephone
82 42 9306114
No of Employees
2,136
Industry
Automotive
Ticker Symbol & Exchange
018880 (KRX)
Revenue (2022)
$7.3B
10.8%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
149.5%
(2022 vs 2021)
Market Cap*
$2.2B
Net Profit Margin (2022)
XYZ
120.8%
(2022 vs 2021)
* As of and is in US$
Hanon Systems premium industry data and analytics
Products and Services
| Products |
|---|
| Heating, Ventilation and Air Conditioning (HVAC) |
| Pumps and Valves |
| Powertrain Cooling Systems |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Corporate Changes/Expansions | In February, the company launched a new engineering center in Palmela, Portugal. |
| 2023 | Plans/Strategy | In August, the company announced its plans to invest US$170 million to open its fourth factory in Loudon, Tennessee, the US. |
| 2023 | Plans/Strategy | In May, the company announced its plans to inject US$40 million to establish a plant in the US. |
Competitor Comparison
| Key Parameters | Hanon Systems | Valeo SA | Modine Manufacturing Co | Inzi Controls Co Ltd | Woory Industrial Holdings Co.,Ltd. |
|---|---|---|---|---|---|
| Headquarters | South Korea | France | United States of America | South Korea | South Korea |
| City | Daejeon | Paris | Racine | Siheung | Yongin |
| State/Province | - | Ile-de-France | Wisconsin | - | - |
| No. of Employees | 2,136 | 112,700 | 11,300 | 591 | 4 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Sun Gi Gwon | Managing Director | Executive Board | - | 52 |
| Jeong Gi Noh | Managing Director | Executive Board | - | 53 |
| Yong Su Jung | Executive Officer; Managing Director | Executive Board | - | 54 |
| Ju Wung Hong | Managing Director | Executive Board | - | 56 |
| Hyeon Su Kim | Managing Director; Chief Human Resources Officer | Executive Board | - | 62 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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