Mando Corporation

Mando Corporation
Mando Corporation
Type Public (KRX: 060980)
Industry Automotive industry
Founded September 1, 1962 (1962-09-01)
Headquarters Pyeongtaek, Gyeonggi-do, South Korea
Area served Worldwide
Products Brake, Steering, and Suspension Systems, and Chassis Module
Production output 4 million parts a year
Profit KRW₩ 2,425 billion (2008)
Employees 6,541 (2008)
Website Mando.com

The Mando Corporation (Korean: 만도)(KRX:060980)is located in Seoul, Korea and is the largest[citation needed] Korean Original equipment manufacturer and supplier to Hyundai Motor Company It is currently owned and run by the original founding parent company, Halla Group [1] (as of March, 2008). It was handed over to Halla by Sunsage B.V, a daughter company of JP Morgan.[2] Mando Corporation is currently supplying the Korean and the overseas automobile manufacturers, including the Big 3.[citation needed] Mando Corporation's sales turnover is estimated at USD$1.71Billion[citation needed]

Mando has three main areas of business: (MANDO Korea only)

  1. Steering parts
  2. Brake parts
  3. Suspension parts

Mando has recently opened a joint-venture company with Hella, to produce ABS sensor software algorithm.[citation needed]

As mentioned above, Mando Corporation is primarily into OE sales, and a certain amount of aftermarket parts are available via its aftermarket division sales arm, Meister Inc.

History

Mando America office, Plymouth, Michigan

Mando was created under the original founder of Halla Business Group, Mr. Jeong, In Yeong. A younger brother of Jeong, Ju Yeong (Hyundai Motor Company founder) on the 1st of October, 1962. Initially, the company was named Hyundai International Inc. and changed its name to Mando Machinery Corporation in February 1980. In 1988, Mando opened the Brake System Plant in Pyeongtaek and two years later, opened the Munmak Steering System Plant (currently renamed Wonju operations). By 1995, Mando Machinery had a suspension system plant in Iksan as well as a dedicated R&D center. Mando America Corporation (MAC) was founded in 1996.In 1999, during the financial crisis, Mando was sold to Sunsage and was promptly renamed as Mando Corporation.[citation needed]

See also

References


Wikimedia Foundation. 2010.

Игры ⚽ Поможем решить контрольную работу

Look at other dictionaries:

  • Mando — refers to: Mando (singer), a Greek singer Mando (music), a Goan (Indian) musical form Mando Diao, Swedish garage rock band. Mando Corporation, a Korean automotive parts manufacturer Mando Fresko, American Radio Personality (Power 106 FM), TV Host …   Wikipedia

  • Mando Conjunto de Operaciones Especiales — Joint Special Operations Command Emblema del Mando de Operaciones Especiales Conjuntas. Activa 15 de diciembre de 1980 …   Wikipedia Español

  • Union Aerospace Corporation — Este artículo o sección describe un tema de ficción principalmente desde una perspectiva ficticia. Por favor, reescríbelo para explicar la ficción con claridad, desde la perspectiva del mundo real. Para otros usos de este término, véase UAC.… …   Wikipedia Español

  • Opelika, Alabama — Opelika   Opelika, Alabama   Downtown Opelika …   Wikipedia

  • List of Six Sigma companies — The following companies claim to have successfully implemented Six Sigma in some form or another:: Note: Before adding your company s link, please read and . * 3M [cite web|url= http://www.3m.com/us/electronics mfg/microelectronic… …   Wikipedia

  • Electronic stability control — (ESC) is a computerized technology [1][2] that may potentially improve the safety of a vehicle s stability by detecting and minimizing skids.[3] When ESC detects loss of steering control, it automatically applies the brakes to help steer the… …   Wikipedia

  • Affinity Equity Partners — Infobox Company company company name = Affinity Equity Partners company type = Private Ownership foundation = 2002 location = industry = Private Equity products = Private equity funds assets = $3.5 billion homepage =… …   Wikipedia

  • Электронный контроль устойчивости — (англ. Electronic Stability Control, ESC; ЭКУ)  активная система безопасности автомобиля, позволяющая предотвратить занос посредством управления компьютером момента силы колеса (одновременно одного или нескольких). Является… …   Википедия

  • Xbox 360 — Xbox 360 …   Wikipedia Español

  • Campeche — Saltar a navegación, búsqueda Para otros usos de este término, véase Campeche (desambiguación). Estado Libre y Soberano de Campeche Estado de  México …   Wikipedia Español

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”