[Common to all companies] The 2015 2nd Quarter Hyosung Employees Award and Excellent Employees Award Ceremony
In the ‘2015 2nd Quarter Hyosung Employees Award’ ceremony held on July 28th at the Mapo Head Office, our company selected PP/DH PU’s Dept. Head Lee Geun-woo, Power Systems PU’s Section Chief Oh Hyung-taek and Industrial Machinery PU’s Dept. Head Kim Jin and PR Office Deputy Section Chief Lee Yoon-jung, and presented prize money and a plaque to each of them. ‘Hyosung Employees Award’ selects and awards the employees who accomplished the best outcome, and in this 2nd quarter too, 1 winner was selected in each of the marketing, technology, research and support categories through strict review process. On the other hand, the newly established ‘First Half Excellent Employees Award’ selected 23 employees who made big contributions to the first half outcome of each PU and had good attitude of work, and the joy was shared together.
※ For details of achievements, refer to the Public Notice of the HOPE board.
[Common to all companies] Attending in the meeting of the Creative Economy Innovation Center directors and supporting companies
On July 24th, at the Blue House, the ‘Meeting of Creative Economy Innovation Center Directors and Supporting Companies’ was held. In this meeting, our company’s Cho Hyun-sang the Industrial Materials PG Head and Chemicals PG CMO, and representatives of other supporting companies and directors of the Creative Economy Innovation Centers participated to make promises for forming the creative economy ecosystem. This day, President Park Geun-hye emphasized, “The basis for creative economy which has been prepared so far should be sufficiently used and developed to create full-scale outcome.” Our company which operates a Creative Economy Innovation Center at Jeonju, Jeollabukdo has a plan to expand investment on the small & medium sized venture companies to prepare the driving force for new growth of Korean economy, focusing on carbon fiber.
[Common to all companies] US corporation Hyosung USA, held a Korea War veterans invitation event
For the anniversary of the End of Korean War, our company held a tribute event for Korean War veterans and their families on 30th (local time) at the logistical command located in Huntsville, Alabama. Our US corporation, Hyosung USA, has had this event every year since 2013 as the first Korean company to remember and express gratitude the sacrifices of Korean War veterans. In this year’s event, 82 veterans and about 150 family members of them, US Army Grand General Dennis L. Via (US Army Material Command Commander), Alabama State Senator Bill Holtzclaw, Trulock Troy Madison Mayor and Battle Tommy Huntsville Mayor attended to grace the occasion.
[Common to all companies] Honduras President invitation dinner at Some Sevit Meeting concerning urban development project
On July 20th, our company invited President Juan Orlando Hernandez of Honduras, the First Lady and about 10 high officials of each ministry for dinner at Some Sevit. In this dinner, Mr. Cho Bong-kyu Head of the Nylon & Polyester Yarn PU and Mr. Baik Heung-geon Head of the Power Systems PU attended and had a conversation over the cooperative plans between the two countries. Honduras is a traditional friend country which consistently supports Korea in the international stages, and promoted to have a meeting with our company concerning the planned urban development project in Honduras. We hope that this meeting will develop into a new basis for entering into the Central & South American markets through involving in the Honduras urban development project.
[Common to all companies] Korea Chemical Fibers Association, visited Hyosung R&D Center
Chairman Park Seung-hoon and Executive Director Lee Chang-wook of the Korea Chemical Fibers Association visited Hyosung R&D Center on July 7th. The purpose of this visit was to understand the R&D state of the chemical fibers industry and build a network, and the visitor group showed deep interests in our recent research activities and quality level. Chairman Park Seung-hoon said, “This visit helped us understand Hyosung’s chemical fiber business, and although the domestic chemical fiber industry is in difficulty now, we will support in policies for its development.”
[Common to all companies] The “Cool Cool Snack Time” was progressed facing hot summer
For Jungbok on 23rd, our company had the ‘Cool Cool Snack Time’ which delivered cool snacks to employees of each regional work place as well as the head office. Since the early July, each regional plant of Gumi, Ulsan, Eonyang, Yongyeon, Changwon and Jeonju has provided such cool snacks as ice cream, watermelon and mixed grains powder with such nutritious special foods as ginseng chicken soup or duck bulgogi for employees working hard in spite of hot working conditions. Also, Regional workplaces at Gumi, Ulsan, Yongyeon and Jeonju secured lodging facilities at valleys near plants and operate summer resorts for employees and their families to enjoy free vacation.
[Common to all companies] Hyosung R&D Center, gave POK Value marketing education
On July 1st, Hyosung R&D Center gave the POK Value marketing education for active technology sales. With Director Woo Sang-seon of Hyosung R&D Center and 40+ other attendees, this education was given in the order of ‘Meaning of the POK Value Marketing’ and ‘Properties of polyketone and the target market’, and the outside invited lecturer explained strategies and cases of the EP Value marketing. We hope that this POK Value Marketing education will be helpful much for the polyketone technology sales, and furthermore we expect successful launching of polyketone.
[Chemicals PG] Our company’s Polyketone, signed the investment MOU on plant construction with City of Ulsan
On July 2nd, our company and Ulsan Megalopolis signed the MOU for investment on the ‘Polyketone’ plant and support to securing the site. In the MOU signing ceremony held at the Hyosung Yongyeon Plant, Vice Chairman Lee Sang-woon, Ulsan Mayor Kim Gi-hyeon and relevant persons attended.
With this MOU, the strategic cooperative relationship will be built for securing sites of the new ‘polyketone‘ commercialization plant and R&D Center, and for administrative supports such as licensing or permits. If related companies are discovered by using the infrastructure of auto, ship building and chemical industries, which are strengths of Ulsan, and the ‘polyketone’ plant is completed in the future, local economy will receive contributions.
[Textile PG] Textile PG, participation in the ‘Paris Mode City & Interfiliere 2015’
Textile PG participated in the ‘Paris Mode City & Interfiliere 2015’ held from July 4th to 6th in Paris. Celebrating the 32nd anniversary this year, this exhibition was participated by a total of 700+ companies from 40+ nations over the world. Paris Mode City & Interfiliere is the world’s largest lingerie, swimsuit and raw and subsidiary materials exhibition, and our company focused on publicizing the functionally excellent and sensibly differentiated ‘creora®’ yarn such as ‘creora® highclo’ and ‘creora® color plus’. Particularly, we exhibited products of new trend to have a chance to take a lead in the swimsuit and lingerie markets.
[Industrial Materials PG] Industrial Materials PG, discussed over cooperative plans on carbon industry with the Mayor of Weihai, China
On July 22nd, visitors group from the city of Weihai located in Shangdong of China including Mayor Jang Hye and Director of Commerce visited Some Sevit. The purpose of this visit was to discuss over the cooperative plans on carbon industry between Weihai and our company. Our company’s main executives including Kim Kyu-young Head of the Tire & Industrial Reinforcement Materials PU and Han Kwang-seok Director of Carbon Materials Business Center participated, and introduced our company and the carbon fiber ‘tansome’. Mayor of Weihai from China acknowledged the excellence and value of carbon fiber, and showed his expectations for the future cooperative relationship.
[Industrial Materials PG] Tire & Industrial Reinforcement Materials PU and TECHNICAL YARN PU, had GCM
Tire & Industrial Reinforcement Materials PU and TECHNICAL YARN PU had the GCM (Global Consensus Meeting) for 2 days of July 15th and 16th at the Mapo Head Office to share the performance of overseas corporations and discuss over development plans. For the GCM, executives of overseas corporations in China and Vietnam and the Head Office top management gathered together. Participants shared the 2015 first half performance and state of market, and discussed over the pending issues of each business place such as the plans to achieve the 2015 second half goal, plans to strengthen quality competitiveness, plans to expand sales of differentiated products.
[Power & Industrial Systems PG] Power System PU, completed the first step pressurization of the Basra 400kV substation PJT
Project Team 1 of the Power Systems PU completed successfully the 1st step pressurization of the Iraqi Basra 400kV substation PJT in the end of May. In spite of poor environment, this was not only the first success in the 420kV GIS pressurization of the PJTs our company is doing but also the accomplishment of customer satisfaction by completing 5 months ahead of schedule as requested by the ordering body. So far, only ABB, Siemens and Alstom entered into the Iraqi 420kV GIS market, but thanks to this pressurization, we expect to be able to enhance our image in Iraq and raise the credibility of our GIS, and eventually to secure superiority in order obtaining competitiveness in the future.
[Power & Industrial Systems PG] Changwon Plant, gave the Education to Deepen Quality Mind for Zero-Defect
Changwon Plant has given the Education to Deepen Quality Mind for all employees in 38 times since July 8th. This education is the follow-up program of the Quality Mind Cultivation Education given in the past May and intends to raise sense of quality and inspire minds for change. In this education, attendees heard explanation about complying with basic rules, understood our level for changes, and reestablished their quality mind through cases of success or failure in quality innovation from other companies.
[Power & Industrial Systems PG] Changwon Plant, had the Win-Win Growth Industrial Innovation Campaign 3.0, the 2nd year closing briefing session
On July 15th, the 2nd year closing briefing session for the Win-Win Growth Industrial Innovation Campaign 3.0 was held at the Hyosung Changwon Plant. Industrial Innovation Campaign 3.0 is a cooperative movement in which the 2nd and 3rd partners do spontaneous innovation movement through technology innovation and improvement of work environment and production process under the support from large companies, 1st partners and experts, to share the outcome. In this Industrial Innovation Campaign, Changwon Plant’s 4 1st partners and 16 2nd partners participated and performed the improvement tasks from August of 2014 to July of 2015. On the other hand, our company provided ERP to 2 companies, and wireless electronic measurement equipment and quality control system to 6 companies to draw improvement of productivity and quality from partners.
[Power & Industrial Systems PG] Changwon Plant, gave summer camp for employee’s children
Changwon Plant opened a summer camp for about 100 employee’s children at the Gyeongju Blue One Resort for 2 nights and 3 days from July 27th. Under the tile of ‘Safety and Fun’, this camp included a sense of safety strengthening program to teach correct first aid for cultivating the ability of taking wise actions in case of emergencies, together with visiting such historic sites of Gyeongju as Tomb of the Heavenly Horse, Cheomseongdae and Royal Tomb of Taejong Mooyeol. Also, a cheerful fun time in a water park to smash hot weather was prepared to give a fruitful and pleasant time to children.
[Trading PG] Some Sevit, Han River’s downtown resort Some Sevit, recorded one million accumulated visitors
Some Sevit recorded one million accumulated visitors as of July 7th. Some Sevit which opened in October last year is establishing itself as a representative downtown resort of Han River visited by 4 thousand 5 hundred people in average on weekdays and ten thousand people on holidays. Various things to enjoy seem to play significant roles in Some Sevit’s catching minds of Seoul citizens and tourists. In Some Sevit, the recently opened Sevit Lobster and a desert café Dolce receive huge responses in addition to Italian restaurant Ola, Vista Pub and Chavit Cuisine. In particular, Chavit Cuisine offered various discount programs and premium events in celebration of the first anniversary.
[Information Communication PG] Hyosung Capital PU, Retail Finance Headquarters participated in the 51st KDTEX
Hyosung Capital PU participated in the Korean Dental Technologists Association’s Academic Convention and Equipment Exhibition (hereinafter KDTEX) held for 2 days of July 18th~19th. In this KDTEX, Hyosung Capital PU had an opportunity to promote the ‘Dental Prosthetic Expense Installment Instrument’ launched for the first time in the capital industry for the nationwide dental technologists and dental equipment sellers. Hyosung Capital PU’s Retail Finance Headquarters participated for introduction of financial instruments for dental technology, understanding of industry trends and discovering future potential customers, and will make diverse marketing activities including participation in exhibitions.
[Independent corporations] The Class Hyosung, is running InTheF program
The Class Hyosung is running the ‘Introduce The Class Hyosung to your friends (a.k.a InTheF)’ program. If anybody introduces The Class Hyosung to friends through the QR code or mobile page in <The Class> magazine provided to purchase customers in each quarter, the Grano The Grill dining gift cards are given at the time of delivering the car. More details can be checked at the exhibition hall or the company site. On the other hand, for July the vacation season, ‘The Class Hyosung Summer Healing Promotion’ was also held to realize the dream chance of being the Mercedes-Benz owner along with diverse gifts.
[Independent corporations] FMK, had the release event of Ferrari 488GTB to Korea
On July 16th, FMK held the releasing event of Ferrari 488GTB to Korean market at Some Sevit. ‘Ferrari 488GTB’ which appeared for the first time in Korea since its debut in March of 2015 through the Geneva Motor Show is the highest performance model of the same level cars which has V8 turbo engine and reacts very fast. It attracted so much attention. In this event, Ferrari’s Far East General Manager Dieter Knechtel attended and showed his expectation for ‘Ferrari 488 GTB’. We expect that Ferrari will make a good outcome in the domestic imported car market giving active efforts with the release of new car.
Social contribution news
Anyang Workplace, did the Hogye Neighborhood Park cleaning activity
On July 22nd, 40+ employees from Anyang Plant, Hyosung R&D Center, Power & Industrial Systems PU R&D Center, and Hyosung Manpower Development Center gathered at the Anyang Workplace to do Hogye Neighborhood Park cleaning. Taking about an hour starting at the Anyang Workplace rear gate and ending at the Anyang Creek side of the Junpa Bridge section, this activity was a time to see Hyosung People’s mind caring not only the workplace but also its neighboring environment. The environment cleaning by Anyang Workplace is performed in each month, for clean Anyang Creek, as a part of the One-Company, One-River Decorating event.
Ulsan Plant did voluntary service to the 1 Company- 1 School sisterhood school, Jangsaengpo Elementary School
On July 11th, Ulsan Plant visited the 1 Company- 1 School sisterhood school, Jangsaengpo Elementary School to do voluntary service such as gardening at the inside and outside of the school, wall painting and neighboring environment cleaning. In spite of hot weather, it was a fruitful time for everybody with all minds united for giving a good study environment to students. Since making the 1 Company-1 School sisterhood relationship with Jangsaengpo Elementary School and Okdong Elementary School in 2007, Ulsan Plant constantly practices their love for school through support to after school programs and book purchase and vehicle support to outdoor training.
Power & Industrial Systems PG’s Changwon Plant, did ‘Love Goods Sharing’
On July 3rd, Changwon Plant had the ‘Love Goods Sharing’ event which delivered warm heart to neighbors in difficulty. Changwon Plant prepared rice and summer blanket package for the 200 families in City of Changwon, such as beneficiary of the national basic livelihood, single elderly, single parent family, disabled family, to spend hot summer cool. After holding the goods donation ceremony at the Changwon City Hall, more than 70 employees who are members of the Changwon Plant’s club visited each family by themselves to deliver the goods and greetings directly. These goods were prepared by the fund raised through 1 person- 1 account participated by the Changwon Plant employees and the same amount of matching grant supported by the Company, and the rice was purchased from the Dongchon Village in Haman, a 1 company- 1 village sisterhood village, to double the meaning of sharing.
Hyosung Good Springs PU Angels, gave children’s soccer class
On July 11th, a volunteer group of the Hyosung Good Springs PU, Angels, gave the ‘Children’s Soccer Class with Angels and Soccer Club’. To support the soccer class in which kids from the Ever Green Local Children’s Center and the soccer club members had a time together, Angels and their families participated in the event. There was also a time of sharing meals and snacks prepared for the children sweating under the hot weather. This soccer class was given by talent donation of the soccer club members and Angels’ donation of expenses including goods. For further development of the ‘Children’s Soccer Class with Angels and Soccer Club’, every Hyosung person can participate with his/her family. (Inquiry: Bae Yoon-jung, Management Team, Changwon Plant, Hyosung Good Springs PU)
Nautilus Hyosung Gumi Plant, had the blood donation event
On July 8th, Nautilus Hyosung Gumi Plant held the ‘Love Bus for Blood Donation’ event as a part of social contribution activity. This volunteer activity began last year, and this 2nd event was participated by a total of 70+ employees. The blood collected through this event was donated to the Korean Red Cross. Mr. Seok Seong-hoon of Gumi Plant’s QC Team delivered his impression of participation as saying, “It was good to be able to donate blood conveniently at the Company. I know that the blood collected by each small participation is used very usefully. I am so proud that Nautilus Hyosung participates in social contribution activity.”