Mando Corp Overview
Company Headquarters: South Korea
Founded: 1962
Workforce: ~13,000
Company Working: Mando Corp. is engaged in the production and sale of automotive components. It operates through four business segments, which are brake system, steering system, suspension system, and driver assistance system. The brake system segment comprises caliper brakes, master cylinder & booster, drum brake, electric parking brake, ABS, TCS, ESC, integrated dynamic brake, and premium stylish caliper. The suspension system segment includes damper spring modules, shock absorbers, suspension struts, self-levelers, and semi-active suspensions. Since 1997, the company has partnered with the Anand Group for the distribution of its ABS. Its steering systems comprise steering gear systems, steering columns, electric power steering systems, and intermediate shafts, among others. Mando Corp. has 20 manufacturing plants, seven sales offices, and seven vehicle test centers. Additionally, it has 16 R&D centers across China, India, the US, Sweden, Germany, South Korea, and New Zealand. Some of its major customers are General Motors, Ford Motor Corporation, Fiat Chrysler Corporation, Nissan Motors Company, Volkswagen AG, BMW AG, Suzuki Motor Corporation, and Hyundai Motor Group. The company has a brake manufacturing facility in South Korea.
Strategy
Mando Corp. focuses on expanding its distribution network across the globe to increase the sale of automotive components and enhance its market presence. It concentrates on forming strategic partnerships with distributors and dealers in untapped markets to increase its distribution capabilities. The company strategizes to continue to increase the market share of its current business offerings by implementing internal growth strategies and improving the performance of its products. Owing to its constant focus on expansion, Mando Corp. sells and distributes a wide range of its products in the global aftermarket while also catering to the demands of OEMs for automotive parts and components.
