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HISTORY

“WE ARE WHERE YOU ARE” ASIA-CENTRIC, ON GLOBAL FRONTIERS

Our history, a story in the making Over the past 30 years, Hanon Systems has grown as both an innovator and a value creator, continually adapting to customer needs and offering dynamic solutions. Hanon Systems’s history of rapid growth is not only a reflection of who we are but also of the company’s uncompromising dedication to delivering customer satisfaction. We remain proud of who we are and what we have achieved, but know that there will always be room for more customer value.

Toward a new frontier (Present) Through a path of integration and collaboration, Hanon Systems will continue to leverage further synergies, economies of scale and capitalize on its expanded global footprint.

The company remains diligently focused on the future by implementing continuous improvement actions, achieving operational excellence and delivering innovative, value-based automotive solution for its customers.

2015
  • Mar IR52 Jang Young Shil Award for high efficiency heat pump system for electric vehicles by recovering electric waste heat
  • Jun Han&Co. Auto Holdings Co. and Hankook Tire become majority shareholders
  • Jul Company name change to Hanon Systems
  • Oct IR52 Jang Young Shil Award for smart intake-door control system for electric vehicles
2016
  • Jun Opened climatic wind tunnel in Korea
  • Sep Wins NET Certificate for Vehicle Deodorizing Solution
  • Sep Listed on Forbes Asia 2016 Fabulous 50 list of top companies in Asia-Pacific
  • Nov Received IR52 Jang Young Shil Award for triple zone HVAC
  • Dec Opened China engineering center in Shanghai
  • Dec Wins NET Certificate for Vehicle Deodorizing Solution
  • Dec Wins NET Certificate for Centrifugal Air Compressor with Air Foil Bearing

Continuous growth (2013~2014) In January 2013, the company announced the consolidation of Visteon’s global climate business, formally combining the strengths of two highly regarded businesses to create the second largest automotive climate supplier in the industry. The birth of Hanon Systems. launched a new era, a new path for growth and a bright new future for the company.

2013
  • Mar Integration of majority of Visteon’s climate business
  • Apr Automotive News PACE Award for metal seal fitting
  • May NET certificate for new air quality improving control technology using the real-time measurement of automotive
    cabin CO2 concentration from Ministry of Commerce, Industry and Energy
  • Dec NET certificate for HVAC smart intake door technology for electric vehicles
2014
  • Jun IR52 Jang Yong Shil Award for centrifugal air compressor
  • Aug Acquired thermal and emissions business from Cooper Standard
  • Sep Recognized for Outstanding Climate Change Competitiveness in Korea
  • Oct Received ‘2014 Best Supplier Award’ from Beijing Mobis for Best Delivery Performance

The march toward Global Market Leadership (2010~2012) In 2010, HCC continued to be recognized globally for its outstanding product quality and customer service. In January 2010, the company received the “Outstanding Supplier” award from Hyundai/Kia Motors, as well as its third IR52 Jang Young Shil Award in February for its rotary suction (RS) compressor. In June 2010, the company again received the prestigious 5-star certification from Hyundai/Kia Motors, and its efforts in developing high voltage powertrain cooling system for electric cars was recognized with a New Excellent Technology (NET) certification in December of that year. In January 2011, HCC’s Turkey operations received 5-star certification from Hyundai/Kia Motors and the Indian subsidiary, Visteon Automotive Systems India, was selected for the “Best Contribution Award” by Hyundai Motors India in March 2012. In April of that year, the Pyeongtaek plant in Korea reached a significant milestone producing its 50 millionth compressor. In December, HCC received two NET Certificates for electric vehicle applications: an innovative heat pump system and a high efficiency cooling fan module with a brushless DC motor.

2010
  • Jan Received an outstanding supplier award from Hyundai / Kia Motors
  • Feb Gained IR52 Jang Young Shil Award for 'RS Compressor' IR52
  • Jun HCSA gained a 5-Star quality certification from Hyundai/Kia Motors
  • Dec High-voltage PTC for electric cars acquired NET (New Excellent Technology) certification
2011
  • Jan HCC Turkey gained a 5-Star quality certificate from Hyundai / Kia Motors
  • June Received the ‘Delivery 5 Star’ certificate from the Hyundai Motor Group(HMG)
  • Sep Daejeon Plant awarded the ‘Champion Exposition’ Gold Prize at the ‘34th National Productivity Competition’
  • Sep Selected as the ‘Most Respective Company’ by the Korea CEO Association(KEOA)
  • Sep Received the ‘Technology Cooperation Outstanding Award’ at the 2011 Large, Small & Medium Corporation Competition.
2012
  • Mar VASI(India) gained an excellent supplier award from Hyundai / Kia Motors
  • Apr Pyeongtaek plant achieved an accumulated production of 50 million compressors
  • Aug Acquired NET Certificate, HVAC miniaturization technology used the sliding door from Ministry of Commerce, Industry and Energy of Korea
  • Nov Received 'Top Supplier Award' from AAT
  • Dec Acquired NET Certificate, The High Efficient Heat Pump System For Heating of Electric Vehicle from Ministry of Commerce, Industry and Energy
  • Dec Acquired NET Certificate, HV BLDC Cooling Fan Module Assembly for Fuel Cell Vehicle from Ministry of Commerce, Industry and Energy

Global recognitions (2007~2009) In 2007, the company received its first 5-star certification from the Hyundai/ Kia group and also won the Automotive News PACE Award for its innovative wave blade fan and shroud technology. Also that year, and in line with expansion plans, facilities in India, Beijing and Alabama, U.S., were added. As a testament to the company’s commitment to developing environmentally friendly products, the company gained the E11 mark from the European Union’s vehicle certification agency (VCA) for meeting its environmental code in January 2008. By the end of 2008, the company received the “Green Management Award” from KMAR and also saw its sales reach $1 billion, a major milestone. In November 2009, the company received a second IR52 Jang Young Shil Award for its cluster ion generator that improves cabin air quality.

2007
  • Apr Received 'PACE Award ' for Development of Wave Fan & Shroud from Automotive News
  • Sep Acquired 5-Star certificate from Hyundai / Kia Motors
  • Oct Acquired equity stake in of affiliates in India/Beijing/Alabama
2008
  • Jan Gained E11 mark from the EU ’s VCA for approval of environment code
  • Oct Received 'Green Management Award' from KMAR for five consecutive years
  • Dec Gained US$ 1 Billion Tower
2009
  • Nov 'Air-cleaning device utilizing cluster ion' received IR52 Jang Young Shil Award

Establishing its presence (2000~2006) By the year 2000, HCC had become a recognized name in the automotive climate systems market and was repeatedly lauded for its high quality technology. In April 2000, the company was certified to ISO/TS 16949 compliance, the most widely recognized quality certification in the global automotive industry. It was selected as a “Best under a Billion” company by Forbes magazine in 2004, and in 2006, as a result of heavy investments into quality and research, the company received the IR52 Jang Young Shil Award for its variable swashplate (VS) compressor.

2000
  • Apr Gained Grand Prize for Value Management
2003
  • Mar Acquired ISO/TS 16949: 2002 quality certificate ISO/TS 16949:2002
2004
  • Nov Selected as a 'Best Under a Billion' for three consecutive years by Forbes
2006
  • May Gained Ford Q1 Award
  • June 2006 VS Compressor gained IR52 Jang Young Shil Award

The early years (1986~1999) Halla Climate Control Corp. (“HCC”) was formed in 1986 as a joint venture between Ford Motor Co. and Mando Machinery Corporation, Korea. In 1989, quickly realizing the importance of research, the company established its first research and development center in Korea, and in the same year, launched its first overseas operation in Ontario, Canada. With an emphasis on quality and delivery, the company built on this overseas presence, expanding its operations and customer base in Asia, Europe and the Americas. By 1998, HCC was delivering its state-of-the-art automotive climate systems across the globe. General Motors recognized this, awarding HCC with its “Supplier of the Year” in 1998. In March 1999, and in preparation for the spin-off of its component divisions, Ford transferred its majority equity stake in HCC to Visteon Corp.

1986
  • Mar Established Halla Climate Control Corp., a joint venture between Ford Motor and Mando Machinery
1988
  • Apr Rolled out heating & air-conditioning systems for Hyundai’s Sonata model
1989
  • Apr Established R&D Center
  • June Established HCC Canada
1998
  • Apr Chosen as GM’s Supplier of the Year GM
1999
  • Mar Visteon become HCC ’s major shareholder