Get in touch about GlobalData Company reports
Contact the team or request a demo to find out how our data can drive your business forward
Hanon Systems (Hanon), a subsidiary of Hahn & Co Auto Holdings Co Ltd, is a global provider of automotive thermal and energy management solutions. The company specializes in designing and manufacturing heating, ventilation, and air conditioning (HVAC) systems for vehicle manufacturers, with a focus on optimizing performance, improving fuel efficiency, and enhancing comfort and cleanliness for vehicle occupants. Hanon's product portfolio includes conventional and omnifarious HVAC designs high-efficiency blower scrolls, intelligent air quality solutions, compressors, fluid transport systems, climate controllers, ionizers, cooling modules, and condensers. The company's products are used in a variety of vehicles, including conventional, hybrid, electric, and autonomous vehicles. It 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
2,135
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 | Contracts/Agreements | In May, the company entered into an agreement with Hankook Tire and Technology Co. to purchase shares, worth US$1 billion, from Hahn & Co. |
| 2024 | Corporate Changes/Expansions | In February, the company launched a new engineering center in Palmela, Portugal. |
| 2022 | Others | In April, the company announced the relocation of its Turkey operations from Gebze to Dilovasi. |
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 | 2,135 | 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 |
|---|---|---|---|---|
| Ramachandran Nagasubramony | Co-Chief Executive Officer; Chief Financial Officer; President | Senior Management | 2023 | - |
| Nurdal Kucukkaya | Co Chief Executive Officer; President | Senior Management | 2023 | - |
| Chung Kwan Shin | Head - Investor Relation | Senior Management | - | - |
| Yoon Yeo-Eul | Chairman | Non Executive Board | - | 66 |
| Moo Sang Kim | Director | Non Executive Board | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Still looking?
Have you found what you were looking for? From start-ups to market leaders, uncover what they do and how they do it.
Explorer
Access more premium companies when you subscribe to Explorer