Establishment of the Machining Division (Shinhwa Industry)
Acquisition of Iljin Industry
(Partner of VOLVO, SHPAC)
Shinhwa Industry obtained ISO 9001:2015 Quality Management Systems Certification
Shinhwa Industry received Venture Business Certification
Establishment of R&D department at Shinhwa Industry
Shinhwa Industry received Excellent Company Certification for Technology Evaluation
Registered as a partner with Burnside America
Completion of an R&D project
(Improvement of precision processes for excavator hydraulic cylinder glands)
Registered as a partner with DY POWER
Expansion and relocation of plant (Jeongchon Ppuri Industrial Complex)
Completion of an R&D project
(Improvement of hydraulic cylinder base component processes)
Start of hydraulic cylinder assembly business with the establishment of Shinhwa Hydraulics Co., Ltd.
Development of the helical rotary actuator
Shinhwa Hydraulics Co., Ltd. obtained ISO 9001:2015 Quality Management Systems Certification
Shinhwa Hydraulics Co., Ltd. obtained ISO 14001:2015 Environmental Management Systems Certification
Completion of assembly plant
(Shinhwa Plant 2)
Agreement on industry-academic integrated apprenticeship school
Implementation of a smart factory system
Shinhwa Hydraulics Co., Ltd. awarded for the accomplishment of US$1 million export
Completion of the medium cylinder production line at Shinhwa Hydraulics Co., Ltd.
Completion of an R&D project (Improvement of hydraulic cylinder processes using SRB & automated assembly systems)
Establishment of R&D department at Shinhwa Hydraulics Co., Ltd.
