HL Mando
HL Mando Corporation (Korean: 에이치엘만도 주식회사), with headquarters in Seoul, Korea, is the largest global Tier 1 Korean Original Equipment Manufacturer and supplier to General Motors, Cadillac, Ford, Chrysler, Chevrolet, Nissan, Kia Motors Company, Fiat, Volkswagen, BMW, Suzuki, Hyundai Motor Company, and many other global automobile distributors. It has an annual profit topping over US$6 billion every year. It is currently owned and run by the original founding parent company, Halla Group. It was handed over to Halla by Sunsage B.V, a daughter company of JP Morgan.
Native name | 에이치엘만도 주식회사 |
|---|---|
| Company type | Public |
Traded as | KRX: 204320 |
| Industry | Automotive Industry |
| Founded | September 1, 1962 (Reincorporated in 1999 and 2014) |
| Founder | Chung In-yung |
| Headquarters | Seongnam, Gyeonggi-do , South Korea |
Number of locations | 64 Geographic Presence (2016) |
Area served | Worldwide |
Key people | Chung Mong-won (Chairman) |
| Products | Brake, Steering, Suspension Systems, Chassis, Automotive Components, Automotive Safety and ADAS |
Production output | 4 million parts a year |
| Services | Design, Research and Development |
Net income | KRW₩ 7.01 trillion (2008); $ 5.6 billion (2012) |
| Total assets | KRW₩ 47 billion (2017) |
Number of employees | 11,855 (2017) |
| Website | hlmando.com |
In 2014, Mando was split into two companies, with the legal successor changing its name to Halla Holdings and a new entity named Mando being created. This was done to create a holding company.
Mando has three main areas of business: Steering parts, Brake parts, and Suspension parts. Mando has recently opened a joint-venture company with Hella, to produce ABS sensor software algorithm.
Additionally, Mando is part of a Halla Group. which is composed of Automobile, Logistics, Investment banking, Ground transportation, Education, Construction, and sports and Entertainment companies with over 10,000+ employees around the world. These companies are all part of the same ownership under one CEO.