Hanon Systems Hungary Kft. Celebrates 25 Years of Operation

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Sep 20, 2016, 03:00 ET

SZEKESFEHERVAR, Hungary, Sept. 20, 2016 /PRNewswire/ -- Hanon Systems Hungary Kft., an affiliate of Hanon Systems (KS: 018880), is celebrating 25 years producing thermal and energy management solutions for the automotive sector.

Located in the city of Székesfehérvár, in central Hungary, the operation formed in 1991 to supply automotive components to Ford Motor Co. In 2000, it became part of Visteon Corp.; and in 2013, Visteon integrated its climate business with long-time joint venture partner, Halla Climate Control, forming Halla Visteon Climate Control Corp. (HVCC).

The Hungarian legal entity name was changed in 2015 shortly after Visteon sold its majority ownership interest in HVCC to an affiliate of Hahn & Company, and Hankook Tire Co. Ltd., and the parent company changed its name to Hanon Systems.

"It gives me great pride to celebrate this important milestone with our employees and valued business partners," said In-Young Lee, president and chief executive officer of Hanon Systems. "The commitment and support of the local Hungarian people and community is what has helped fuel the plant's growth over the past 25 years, and we look forward to future success."

The facility currently includes approximately 39,400 square meters (428,000 square feet) of manufacturing space. Products include compressors, air conditioning lines, thermal and emissions products, fuel and diesel delivery modules, fuel pumps and regulators for vehicle manufacturers.

"This milestone is a testament to the many achievements made by Hanon Systems Hungary over the past quarter century," said Min Sung, lead for Hanon's compressor product group. "The team's commitment to operational excellence has enabled the successful expansion of this plant's compressor production to support the growing need of global automakers."

Hanon Systems manufactures three types of compressors: fixed, variable and electric for hybrid and full-electric vehicles. Its innovative variable swashplate compressor is uniquely designed to vary the duty cycle and automatically adjusts the displacement to match the cooling demand. Hanon's portfolio of variable swashplate compressors are designed to fit most passenger vehicles and are capable of reducing power consumption compared to fixed compressors, which translates into improved fuel economy. Available electronic control of displacement provides consistent discharge air temperature in all operating conditions to meet consumer demand for improved cabin cooling.

About Hanon Systems
Hanon Systems is a full-line supplier of automotive thermal management solutions. Products include heating ventilation and air conditioning; compressors; powertrain cooling; fluid transport; and electric, hybrid and fuel cell vehicle thermal systems. With 40 manufacturing sites supported by four global technical centres in 19 countries, the company employs more than 15,500 people. To learn more, visit hanonsystems.com.

SOURCE Hanon Systems