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HYUNDAI BNG STEEL

History

HYUNDAI BNG STEEL, established in 1966 to localize the special steel manufacturing technology, has been playing a key role in the technical development of the Korean automotive, construction, IT and electronics industries

HYUNDAI BNG STEEL, established in 1966, has been playing a key role in advancement of the local industry with high technology and quality products. Hyundai BNG, specializing in manufacturing stainless steel, has been capable of producing stainless steel plate at an annual capacity of 300,000 tons since 2006.

1966 - 1979
1966. 04. 07
Establishing Samyang Special Steel Co.
1971 11 11
Constructed nation’s first stainless steel sheet plant in Ulsan
1975 10 15
Changed the name to KISCO after merger between Samyang Special Steel Co. and Korea Special Steel Co.
1975 10 31
Designated as a defense contractor
1976 10 01
Established central R&D center
1977 12 30
Constructed Changwon Plant, KISCO
1978 06 21
Acquired quality standard certified by KS
1978 11 13
Acquired quality standard certified by Korean Register
1979 02 14
Acquired quality standard certified by Lloyd’s Register
1980 - 1982
1980 02 01
Acquired quality standard certified by Class NK
1980 11 03
Acquired quality standard certified by DNV
1980 12 01
Won the prize for 100 million dollar export award
1980 12 01
Acquired quality standard certified by TUV
1982 06 01
Changed name to Sammi Integrated Special Steel Co.

Intensive growth period view

1982 - 1990
1986 03 03
Acquired quality standard certified by GL
1986 08 06
Established local subsidiary in West Germany (S.K.I)
1986 10 31
Acquired quality standard certified by JIS
1987 03 03
Initial Public offering
1988 06 26
Established local subsidiaries in Canada and US
1989 05 13
Took over Atlas specialty steel (Canada and Al Tech specialty steel (US)
1991 - 1997
1991 04 01
Constructed second stainless steel bar plant (including steel making, rolling and processing)
1992 03 01
Acquired NK·BV·DNV certification
1993 03 15
Acquired ISO 9002 certification
1993 09 03
Acquired quality standard certified by ASME
1994 12 01
Constructed thin sheet metal plant
1996 08 28
Established stainless steel club
1997 01 03
Acquired quality standard certified by U-SIGN

Transition period view

1997 - 1999
1997 02 17
Sold rod and tube sectors in Changwon plant to POSCO Specialty Steel
1997 03 18
Filed for bankruptcy
1997 03 19
Bankrupted
1997 03 24
Granted preservation of assets order
1997 12 14
Undergone a liquidation process
1999 12 20
Named Incheon Steel as the most preferred bidder
2000 ~ 2002
2000 11 02
Approved change to corporate reorganization plan
2000 12 06
Taken over by Incheon Steel (each preferred share was exchanged for two common shares)
2001 03 23
Completed a liquidation process (the Seoul District Court)
2001 04 02
Incorporated into Hyundai Motor Co.
2001 05 25
Relocated the head office to Changwon, Gyeoungnam
2002 03 15
Changed name to BNG Steel Co.

Re-growth period view

2002 ~ 2006
2002 11 12
Acquired ISO 9001 certification
2002 12 03
Acquired PED (material for pressure container)
2003 06 01
Opened ERP enterprise wide integration system
2003 11 20
Launched a rights issue (4,734,624 shares)
2006 05 01
Constructed new facility(CG & CB)
2006 06 01
Constructed new facility(#3BA & #5ZM)(total capacity: 290,000 tons/year)
2006 08 07
Starting of BASIC(6 Sigma) activity
2006 09 20
Designated as an excellent company for labor-management culture by the Ministry of Labor
2007 ~ 2013
2010 01 01
Constructed precision strip cold rolling plant
2010 06 15
Acquired ISO 14001 certification
2010 06 21
Designated as an excellent company for labor-management culture by the Korea Labor Foundation
2011 03 11
Changed name to HYUNDAI BNG STEEL Co., Ltd.
2012 09 28
Took over Gwangju No.2 plant from Hyundai WIA
2013 07 18
Opened Nambu office

Preparatory period view

Cyber Museum view