Giuliani System Cuts Steering Yoke Cicle Times By

Total Page:16

File Type:pdf, Size:1020Kb

Giuliani System Cuts Steering Yoke Cicle Times By Giuliani system cuts steering yoke cicle times by 30% An integrated yoke processing system installed at the Mando Corporation in Korea for the production of steering assemblies, has cut machining cycle times by 30%. (PRWEB) June 1, 2003 -- Giuliani has recently installed an integrated yoke processing system at the Moonmak site of the Mando Corporation (Korea), for the production of steering assemblies for the Korean and US automobile industry. With 3,292 workers and an expected turnover for 2002 of US$ 928 million, the Mando Corporation is KoreaÂs leading manufacturer of components for both domestic (Hyundai, Kia, Daewo) and international car makers (GM, Daimler Chrysler). Thanks to the exclusive Giuliani system, Mando has succeeded in slashing yoke production cycle times by 30%. Furthermore, by operating with an integrated system made up of transfer machine, broaching machine and washer, Mando has eliminated all stocks and intermediate processing stages normally required for semi- finished products. The transfer machine, featuring a tool wear recovery system, assures a cycle time of only 9 seconds and therefore an operating capacity that is one of the highest on the market. The machine is fed by a 6-axis Fanuc robot, which also unloads the semi-finished components for feeding to the broaching machine that then machines the yoke spline. The entire system is totally automatic, making the constant presence of an operator unnecessary. The integrated production system assures efficiency standards otherwise unimaginable. Furthermore Mando can now interface with a single supplier  rather than with separate suppliers for the transfer and broaching machines  thereby reducing the likelihood of technological risks even more. PRWeb ebooks - Another online visibility tool from PRWeb Contact Information Cristina Ruggieri Igmi S.p.a Online Web 2.0 Version You can read the online version of this press release here. Page 2/2 If you have any questions regarding information in these press releases please contact the company listed in the press release. Our complete disclaimer appears here - PRWeb ebooks - Another online visibility tool from PRWeb.
Recommended publications
  • Korea Automobiles and Components Sector
    Korea Consumer Discretionary 23 June 2016 Korea Automobiles and Components Sector Electric vehicles and smart cars: reinventing the wheel Apple and Tesla’s aggressive moves towards EVs and smart cars herald a new era and should give parts makers’ shares a leg up We revise up our EV and smart-car forecasts on more stringent regulations, government support and falling component prices Sung Yop Chung Mando and Hanon (both Buys [1]) are our top picks; we also like HMC (82) 2 787 9157 (Buy [1]) on a 6-month view [email protected] See important disclosures, including any required research certifications, beginning on page 134 Korea Automobiles and Components Sector: 23 June 2016 Table of contents EVs and smart cars: changing the landscape ....................................................... 7 Reality check: what are the obstacles? ................................................................ 13 Our forecasts for EVs and smart cars: what’s new ............................................. 18 Electric vehicles: strong drivers ahead ................................................................ 22 Smart cars: faster-than-expected growth should provide impetus .................... 32 EVs and smart cars: auto and ICT parts makers to lead the pack ..................... 46 Valuations and recommendations ........................................................................ 56 Appendix ................................................................................................................. 69 Company Section Mando Corp ..................................................................................................................
    [Show full text]
  • Part 573 Safety Recall Report 19V-801
    OMB Control No.: 2127-0004 Part 573 Safety Recall Report 19V-801 Manufacturer Name : General Motors LLC Submission Date : NOV 07, 2019 NHTSA Recall No. : 19V-801 Manufacturer Recall No. : N192265980 Manufacturer Information : Population : Manufacturer Name : General Motors LLC Number of potentially involved : 476 Address : 29427 Louis Chevrolet Road Estimated percentage with defect : 78 % MAIL CODE 480-210-2V WARREN MI 48093 Company phone : 586-596-1733 Vehicle Information : Vehicle 1 : 2014-2016 Chevrolet SS Vehicle Type : Body Style : Power Train : NR Descriptive Information : Vehicles that were remedied under recall 17V382 by inspection-only (the steering gear was not replaced), but whose steering gear could not be verified through other service records as having gold-plated terminals are included in this recall. Vehicles that were not part of 17V382 and vehicles confirmed to have the correct steering gear are not included in this recall. Production Dates : JUN 19, 2013 - APR 26, 2016 VIN Range 1 : Begin : NR End : NR Not sequential Description of Defect : Description of the Defect : General Motors has decided that a defect which relates to motor vehicle safety exists in certain 2014 – 2016 model year Chevrolet SS vehicles that were subject to NHTSA Recall No. 17V382 and may have been incorrectly inspected. These vehicles may experience loss of electric power steering (“EPS”) assistance while driving or idling as a result of fretting corrosion on the connector between the EPS module and the torque sensor. FMVSS 1 : NR FMVSS 2 : NR Description of the Safety Risk : If power steering assist is lost, manual steering functionality is retained but would require an increased steering effort, particularly at lower speeds, increasing the risk of a crash.
    [Show full text]
  • Halla Holdings (060980 KS ) Undervalued Stock with Limited Risks
    Halla Holdings (060980 KS ) Undervalued stock with limited risks Auto Limited exposure to China risks In 4Q16, major Korean auto parts suppliers suffered sharp margin erosion in Initiation Report China, and this is an issue that warrants continued attention. Given that China’s March 7, 2017 auto and auto parts industries are facing structural margin downtrends, we think that investors should focus on identifying market players that are relatively free from risks to downside. Based on 4Q16 results alone, it appears as though Mando fits the bill, as the company was able to overcome headwinds by pursuing revenue (Initiate) Buy growth via customer and product diversification. However, in our view, Halla Holdings is more attractive than its subsidiary. Indeed, despite its relatively solid Target Price (12M, W) 83,000 performance in 4Q16, Mando is highly exposed to China-related risks , as over 70% of its consolidated operating profit is generated in that country. Meanwhile, only Share Price (03/03/17, W) 61,500 34% of Halla Holdings’ enterprise value (EV) stems from Mando’s net profit and share price. This profile allows Halla Holdings to benefit from Mando’s strong top- Expected Return 35% line growth (in the form of brand royalties), while limiting exposure to margin risk in China. OP (16F, Wbn) 112 Growth potential for MHE, margin improvement for distribution/logistics Consensus OP (16F, Wbn) 107 Mando-Hella Electronics (MHE), which is 50% owned by Halla Holdings, saw its EPS Growth (16F, %) -9.4 revenue grow by a CAGR of 19% from 2013
    [Show full text]
  • Brose Sets-Up Joint-Venture for Electric Motors in Korea
    Brose sets-up joint-venture for electric motors in Korea Brose International GmbH, Coburg, and Mando Corporation, Seoul, set up a joint-venture on 31st January 2011 in South Korea which will trade under the name of Mando-Brose Corporation. First row, from left: Moo-Hyun Cho (Manager New Business PJT), Tae-Young Han (Senior Vice President Corporate Audit & Legal Division/New Business Project Development), Zung-Su Byun, (Vice Chairman Mando Corporation), Jürgen Otto (CEO Brose Group), Stefan Halusa (Director Corporate Planning Brose Group) and Yong Park (President Brose Korea). Second row, middle, standing: Mon-Wo Chung (Chairman Mando Corporation) left, Thomas Sprangler (President Brose Asia) right. Seoul (02. February 2011) Brose International GmbH, Coburg, and Mando Corporation, Seoul, one of the leading automotive suppliers in Korea, have set up a joint-venture which will trade under the name of Mando-Brose Corporation. Each partner holds a 50% stake in the company. The agreement was signed on January 31st, 2011 by Jürgen Otto, CEO of Brose Group, and Zung-Su Byun, Vice-Chairman of Mando Corporation, in Songpa-gu/Seoul. Both companies are bundling their competencies in this joint-venture: Brose is established on all automotive markets worldwide and brings decades of experience in developing and manufacturing mechatronic systems and motors. Mando is the leading manufacturer of steering, brake and suspension systems in Korea and has excellent, long-standing business relationships with Korean car manufacturers, particularly Hyundai/Kia. To begin with, the joint-venture will develop and manufacture steering motors for the Korean market. The corporation will therefore set up a plant in Song-Do/South Korea, approx.
    [Show full text]
  • Korea's Automotive Industry
    2014 Modularization of Korea’s Development Experience: Korea’s Automotive Industry 2014 2014 Modularization of Korea’s Development Experience: Korea’s Automotive Industry 2014 Modularization of Korea’s Development Experience Korea’s Automotive Industry Title Korea’s Automotive Industry Supervised by Ministry of Strategy and Finance (MOSF), Republic of Korea Prepared by Korea Isntitute for Industrial Economics&Trade (KIET) Author Chuel Cho, Senior Resercher, KIET Kyungyou Kim, Resercher, KIET Minji Kim, Resercher, KIET Advisory Seung-Joo Lee, Professor, KDI School of Public Policy and Management Hyunchuel Kim, Professor, Seoul National University Sung-Ik Kim, Executive Managing Director, KAMA Moon-Soo Ko, Executive Director, KAICA Sungsang Lee, Professor, The Catholic University of Korea (fomer executive directpr of GM) Research Management KDI School of Public Policy and Management Supported by Ministry of Strategy and Finance (MOSF), Republic of Korea Government Publications Registration Number 11-1051000-000592-01 ISBN 979-11-5545-133-5 94320 ISBN 979-11-5545-116-8 [SET 19] Copyright © 2014 by Ministry of Strategy and Finance, Republic of Korea Government Publications Registration Number 11-1051000-000592-01 Knowledge Sharing Program 2014 Modularization of Korea’s Development Experience Korea’s Automotive Industry Preface The study of Korea’s economic and social transformation offers a unique window of opportunity to better understand the factors that drive development. Within about one generation, Korea transformed itself from an aid-recipient basket-case to a donor country with fast-paced, sustained economic growth. What makes Korea’s experience even more remarkable is that the fruits of Korea’s rapid growth were relatively widely shared.
    [Show full text]
  • Autodesk W Branży Motoryzacyjnej
    Autodesk w Branży Motoryzacyjnej Name Surname Job Title Image courtesy of Local Motors Inc. Idea Koncepcja Wizualizacja Ergonomia Konstrukcja i optymalizacja Symulacja Organizacja procesu produkcyjnego Marketing 14 GENERAL MOTORS CORPORATION EXEDY CORPORATION IMABARI SHIPBUILDING CO.,LTD. WERNER BAIER UND GERHARD MEY TOYOTA MOTOR CORPORATION TSUNEISHI SHIPBUILDING COMPANY CENTRAL JAPAN RAILWAY COMPANY AMSTED INDUSTRIES INCORPORATED HONDA MOTOR CO., LTD. MAZDA MOTOR CORPORATION LINAMAR CORPORATION MITSUBISHI MOTORS AUSTRALIA LIMITED MITSUBISHI HEAVY INDUSTRIES, LTD. GENERAL ELECTRIC COMPANY CHINA SHIPBUILDING INDUSTRY CORPORATION CHINA STATE SHIPBUILDING CORPORATION MICHELIN ET CIE GM DAEWOO AUTO & TECHNOLOGY COMPANY NAMURA SHIPBUILDING CO.,LTD. KEIHIN CORPORATION NORTHROP GRUMMAN CORPORATION SIEMENS AG AUSTAL USA, LLC AKEBONO BRAKE INDUSTRY CO., LTD. FORD MOTOR COMPANY VALEO MAG IAS HOLDINGS, INC. COOPER-STANDARD HOLDINGS, INC. HYUNDAI HEAVY INDUSTRIES CO., LTD. L-3 COMMUNICATIONS HOLDINGS, INC. KOREA DELPHI AUTOMOTIVE SYSTEMS CENTRAL MOTOR CO.,LTD. ROBERT BOSCH GMBH DANA HOLDING CORPORATION STELLA VERM?GENSVERWALTUNGS GMBH L?RSSEN MARITIME BETEILIGUNGEN GMBH. VOLKSWAGEN AG SUZUKI MOTOR CORPORATION REPUBBLICA ITALIANA CHINA COMMUNICATIONS CONSTRUCTION KUBOTA CORPORATION SEMBCORP INDUSTRIES LTD THAI SUMMIT AUTOPARTS INDUSTRY COMPANY PARKER -HANNIFIN CORPORATION FIAT SPA ROLLS-ROYCE GROUP PLC NAVISTAR INTERNATIONAL CORPORATION DCNS MAGNA INTERNATIONAL INC AB VOLVO PRESCO, Y.K. JUNGHEINRICH AG BRIDGESTONE CORPORATION CKD CORPORATION UNITED TECHNOLOGIES CORPORATION MITSUBA CORPORATION CONTINENTAL AG NIENPAL EMPREENDIMENTOS E PARTICIPACOES YAZAKI CORPORATION YOKOHAMA RUBBER COMPANY, LIMITED, THE DAIMLER AG FUJI HEAVY INDUSTRIES LTD. BENTELER AG MUSASHI SEIMITSU INDUSTRY CO., LTD. STX OFFSHORE & SHIPBUILDING CO., LTD. SHANGHAI AUTOMOTIVE INDUSTRY CORP ABEKING & RASMUSSEN SCHIFFS- UND ALLISON TRANSMISSION, INC. NISSAN MOTOR CO., LTD. BROSE FAHRZEUGTEILE GMBH & CO. KG ODIM ASA STICHTING ADMINISTRATIEKANTOOR HUISMAN MITSUBISHI MOTORS CORPORATION HARLEY-DAVIDSON, INC.
    [Show full text]
  • Mando Softtech India Achieves Greater Simulation Accuracy with Altair Hyperworks®
    Case Study Mando Softtech India Achieves Greater Simulation Accuracy with Altair HyperWorks® About Mando Softtech India Pvt. Ltd. Mando Softtech India Private Limited was incorporated on 22.07.2005. The promoter of the company is Mando Corporation, South Korea, who holds 100% of the share capital of the company. The company started providing services from January 2006 onwards. Mando Corporation, South Korea, was established in 1962. It is the leading manufacturer of automotive component systems in Korea with annual turnover of USD 5.3 billion in 2013 and 10,500 employees. Major shareholder of Mando is Halla corporation. The products are brake systems, steering systems, suspension systems and advanced driver assistance systems. Challenges Faced Mando Softtech India being the Manufacturers of Automotive Components such as Chassis and Brakes, have to ensure that they maintain highest performance and quality standards of the products they develop. Hence they conduct in-depth and heavy analysis of their product designs that will enable them to identify even the smallest of the design errors early in the design cycle, which when addressed, shall help them build robust products. Automotive industry being highly competitive and also a price sensitive market, it is a business imperative for the OEMs to compress their design and development cycle time and yet develop products with utmost cost efficiency without compromising on the quality. OEMs in turn pass their pressure to the components suppliers. Hence, at Mando India, the company has made great investments into setting-up the right infrastructure in-house with the advanced product design, analysis and simulation tools that will help them achieve their design objectives.
    [Show full text]
  • Annual Report 2002
    ANNUAL REPORT 2002 In 2002, only four of the vehicles tested achieved five stars in Euro- NCAP, Europe’s leading crash test program. Autoliv is the only safety system company which is a supplier to all four vehicles. From top: Renault’s Vel Satis and Mégane, Saab 9-3 and Mercedes E-class. 3 Summary Our vision is to substantially reduce traffic accidents, fatalities and injuries. 4 Letter to Shareholders Our mission is to create, manufacture and sell state- 6 Creating Shareholder Value of-the-art automotive safety systems. 8 Autoliv’s Safety Systems Our strategy is to be the vehicle manufacturers’ first- choice supplier through: • Technological leadership 10 Research, Development & Engineering • Complete system capabilities • Highest-value safety system solutions 12 R,D&E Projects • Cost efficiency • Quality excellence 14 Autoliv around the World • Global presence • Highest level of service and commitment • Dedicated and motivated employees 16 Human Resources Our values are: 17 Environment Life We have a passion for saving lives. Customers We are dedicated to creating 18 Quality satisfaction for our customers and value for the driving public. 19 Management’s Discussion and Analysis Employees We are committed to the develop- ment of people’s skills, knowledge 28 Consolidated Statements of Income and potential. Innovation We are driven for innovation and 29 Consolidated Balance Sheets continuous improvement. Ethics We adhere to the highest level of 30 Consolidated Statements of Cash Flows ethical and social behavior. Culture We are founded on global thinking 31 Consolidated Statements of Shareholders’ Equity and local actions. 32 Notes to Consolidated Financial Statements Autoliv Inc., which is a Fortune 500 company, is the 42 Report of Independent Auditors world’s largest automotive safety supplier with sales to all the leading car manufacturers in the world.
    [Show full text]
  • Auto Sector Post-COVID19 World of Autos
    Asia Pacific Equity Research 22 June 2020 This report is neither intended to be distributed to Mainland China investors nor to provide securities investment consultancy services within the territory of Mainland China. This report or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. Clients should contact representatives and execute transactions through a J.P. Morgan subsidiary or affiliate in their home jurisdiction unless governing law permits otherwise. Auto Sector Post-COVID19 World of Autos In this report, we lay out our observations and thoughts on the Asian Auto Asia Autos industry as we undergo COVID-19 in different levels and stages. We’re observing AC an increased propensity to own vehicles amidst COVID-19, which we believe SM Kim (82-2) 758 5710 would translate into resilient near-term demand if and when lockdowns are [email protected] alleviated. This demand will likely be polarized to cheaper and expensive vehicle Bloomberg JPMA SMKIM <GO> options, hence companies that are levered to such skewness would likely prove J.P. Morgan Securities (Far East) Limited, defensive against the current industry turmoil – select OEMs and dealers that are Seoul Branch levered to higher segment cars, two-wheeler manufacturers and xEV players (see Nick Lai AC page 5 for our stock recommendations within the region). As for a potential and (86-21) 6106 6353 eventual dissipation of COVID-19, while it may render some of the arguments in [email protected] the report less relevant in the future (i.e., the propensity to own vehicles may Bloomberg JPMA LAI <GO> decline), we do not deem it to be a headwind for the industry – COVID-19 is the SAC Registration Number: S1730520030008 single largest drag for the whole auto industry, hence the end of it, if it happens, J.P.
    [Show full text]
  • Hyundai's Challenge to Coordinated Capitalism
    Fordism Light: Hyundai’s Challenge to Coordinated Capitalism BRIE Working Paper 186 Copyright by Author March, 2010 Gregory W. Noble Institute of Social Science University of Tokyo ABSTRACT Despite receiving a strikingly pessimistic evaluation in the acclaimed volume The Machine that Changed the World (Womack et al., 1990), the Hyundai-Kia group has overcome numerous crises to become the fourth largest auto producer in the world. Hyundai’s rise is especially striking because the company has repeatedly failed to implement Toyota’s famed “lean production” system. Hyundai’s labor unions, though well paid by Korean standards, have opposed management’s attempts at rationalization, and gone on strike almost every year. Aside from a few key component companies firmly controlled by the Hyundai group, relations with suppliers remain distant and overwhelmingly focused on price. Hyundai’s impressive achievements in improving quality have stemmed from relentless attention by top management and extensive use of quality inspectors rather than from intensive cooperation with workers and suppliers. Corporate governance remains closed and murky. Even after democratization, Korea’s political system has not provided an environment conducive to cooperation and coordination among assemblers, suppliers and labor. Recent studies of manufacturing have focused on the success of “Toyotism” and “coordinated capitalism,” but the rise of Hyundai suggests that firms in upper-tier developing countries with rapidly growing demand and reasonably high-quality human capital can use a modified version of Fordism—mass production of standardized commodities by vertically-integrated firms employing a reasonably paid but not highly incorporated labor force—to achieve great success in international competition even with complex and highly integrated products such as automobiles.
    [Show full text]
  • Health Newsletter 11 February 99
    BDA Business Development Asia ASIA IS A BUSINESS IMPERATIVE… NOW MORE THAN EVER ASIAN AUTOMOTIVE NEWSLETTER Issue 34, December 2002 A bimonthly newsletter of developments in the auto and auto components markets CONTENTS CHINA INTRODUCTION ................................................ 1 China will allow car companies to set up financing CHINA ............................................................... 1 units, making it possible for Ford, GM, Honda, Volkswagen AG, and other automakers to offer loans INDIA ................................................................ 3 direct to Chinese consumers for the first time. Chinese INDONESIA ...................................................... 4 and foreign companies with RMB8bn (US$967m) or JAPAN .............................................................. 4 more in total assets, a capital base of at least KOREA ............................................................. 4 RMB500m (US$60m) and a capital adequacy ratio of MALAYSIA ........................................................ 5 at least 10% can apply to set up financing businesses PHILIPPINES .................................................... 5 under a draft proposal. Auto financing ventures will be TAIWAN ............................................................ 5 allowed to issue bonds, borrow from banks with THAILAND ......................................................... 5 guarantees, accept deposits from shareholders and vehicle buyers, and offer car loans and leasing services. (October 8, 2002) INTRODUCTION
    [Show full text]
  • Seoul Motor Show 2013 Exhibition Status
    EXHIBITION STATUS EXHIBITORS (384 Companies from 14 Countries, Home 288, Overseas 96) * 2011 : 132 Companies from 8 Countries, Home 102, Overseas 30 Hong Classification Korea Germany USA Sweden UK Italy Japan France Swiss China Taiwan Greece Belgium Total Kong Automobile 9 5 3 1 3 1 5 2 29 Parts & Accessories 269 23 16 2 2 7 7 1 1 8 1 3 1 1 342 Two wheeler 1 1 2 4 Others 9 9 Total 288 29 19 3 5 8 14 3 1 8 1 3 1 1 384 EXHIBITOR LIST BY EXHIBITS AND COUNTRY Automobile Number of Country Exhibitors Company Korea Hyundai, Kia, GM Korea, Ssang Yong, Renault Samsung, Hyundai Commercial, Kia Commercial, Power Plaza, Oullim Mortors 9 Germany Audi, Mercedes-Benz, Volkswagen, BMW, Porsche 5 USA Ford, Lincoln, Cadillac 3 Japan Toyota, Lexus, Honda, Nissan, Infiniti 5 UK Jaguar, Land Rover, Mini 3 France Peugeot, Citroen 2 Italy Maserati 1 Sweden Volvo 1 Total 8 Countries 29 Auto Parts and Accessories Number of Country Exhibitors Company Kwang Sung Steel Pipe, Kyungshin Ind., Namyang Ind., Daewon Kangup, Daewon Chong Up, Daewon Cast Steel, Daewon Precision Ind., Demco, Daekyeong Special Steel, Samwon Steel, Contitech Daewon Airspring Systems, Daewon San Up, Seyun Steel, Deawha Fuel Pump, Dongbo Ind., Dongseo Machine & Tools, Leehan, Leehan Door, Leehan Brose, Mando, Mister, Halla Stackpole, Myunghwa Ind., Sunil Dyfas, Central, Korea Central, Central Linktec, Central Motec, Samjin Precision Work, Sanyang Chemical, Behr Korea, Korea Dongdo, Uniworld Autotech, Yura Corp., Yura tech, Yura Harness, Inzi Controls, Inzi AMT, Inzi A-One, Korea Infac,
    [Show full text]