- CEO
- Jung-Young Park
- Full Time Employees
- 138
- Sector
- Producer manufacturing
- Industry
- Auto parts: OEM
- Address
- Jincheon-gun South Korea
- IPO Date
- Nov 29, 1996
- Business
- Hanil Forging Industrial Co., Ltd. is a South Korea-based precision manufacturing company specializing in closed-die metal forging, precision machining, and heat treatment for the automotive, defense, aerospace, and industrial machinery sectors. Founded in 1966 and headquartered in Changwon, South Korea, the company operates domestic production facilities in Changwon and Jincheon, alongside an overseas manufacturing subsidiary, Hanil Forging (Thailand) Co., Ltd., serving international automotive and industrial supply chains.
The company organizes its operations across three primary business divisions: Automotive Components, Defense Munitions, and Heavy Industrial Forgings. The Automotive Components division manufactures critical powertrain, drivetrain, and chassis systems for passenger and commercial vehicles, offering axle shafts; wheel spindles; steering knuckles; universal joint spiders; differential bevel gears and side gears; hypoid gear pinions; speed gears; transmission countershafts; drive shafts; and slip and tube yokes. The Defense Munitions division operates as an authorized defense enterprise producing high-strength forgings for advanced weapon systems, offering 155mm artillery projectile bodies; 60mm, 81mm, 120mm, and 4.2-inch mortar shell casings; precision-guided missile fuselage structures and warhead projectile cases; aerial bomb bodies and fin assemblies, including 500-pound and 2,000-pound class ordnance; and tracked vehicle suspension and transmission forgings. The Heavy Industrial Forgings division manufactures heavy-duty industrial components, offering hydraulic cylinder bodies; high-torque pinion shafts; connecting rods; marine engine components; and aircraft structural forged parts.
In recent developments, Hanil Forging Industrial has expanded its advanced radial forging and precision hot/cold forming capacity to support elevated global defense procurement programs and domestic aerospace munitions contracts. Operationally, the company has upgraded its production lines across its Changwon, Jincheon, and Thailand plants to address automotive industry demand for high-strength, lightweight drivetrain components and electric commercial vehicle assemblies, while strengthening its direct supply integration with major global original equipment manufacturers and tier-one partners, including Hyundai Motor Group, Hyundai Transys, Ford, GM, and Daimler.