Hyosung Corporation operates within the Tire cord and fabrics sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Hyosung with three other
tire manufacturers in Asia:
Kolon Industries, Inc
sales of 4.61 trillion Korean Won [US$4.12 billion]
of which 37%
was Industrial Material),
Xingda International Holdings Ltd
(6.89 billion Chinese Renmimbi [US$1.01 billion]
of which 100%
was Steel Tire Cords), and
based in India
(48.22 billion Indian Rupees [US$666.37 million]
of which 42%
was Technical Textiles Business).
During the year ended December of 2017, sales at
Hyosung were 12.55 trillion Korean Won (US$11.22 billion).
increase of 5.2%
versus 2016, when the company's sales were 11.93 trillion Korean Won.
The sales level in 2017 was fairly close to the level five years ago: in 2012, Hyosung had sales
of 12.61 trillion Korean Won.
Sales of Construction Business saw an increase
that was more than double the company's growth rate: sales were up
29.2% in 2017, from
892.25 billion Korean Won to 1.15 trillion Korean Won.
Hyosung also saw significant increases in sales in
Domestic/global Trade Business (up 11.9% to 2.28 trillion Korean Won)
Textile Business (up 8.0% to 2.14 trillion Korean Won)
Chemical Business (up 25.7% to 1.50 trillion Korean Won)
Not all segments of Hyosung experienced an increase in sales in 2017:
sales of Power and Industrial Systems Business fell 12.1% to 2.25 trillion Korean Won.
Hyosung also experienced decreases in sales in
Other Segments (down 7.7% to 815.67 billion Korean Won)