- Business
- Saeron Automotive Corporation (075180.KS), a subsidiary of Nisshinbo Holdings Inc., manufactures and sells automotive friction materials and components primarily for passenger vehicles and commercial applications; its core products include brake pads (front and rear disc pads), brake linings, rotor facings, powder metallurgy (P/M) products such as engine and transmission parts, and additional offerings like air conditioner components and refrigerator parts, with samples and molding services provided to support customer development. The company operates production facilities in South Korea, headquartered in Cheonan-si, Chungcheongnam-do, and maintains overseas subsidiaries including SAERON AUTOMOTIVE BEIJING Co., Ltd. in China, alongside export activities and technology transfers to markets in China, India, Japan, Portugal and Turkey. Founded in 1999 through the acquisition of assets from Daedong Brake Co., Ltd. following a technology agreement with Nisshinbo Japan in 1990, Saeron continues its long-standing joint venture relationship with Nisshinbo, emphasizing globalization via China factory construction and brake technology exports to India, with no major acquisitions, funding rounds, partnerships or product launches reported in the last 1-2 years.