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Hyundai Mobis Outlines Value-Up Strategy at CEO Investor Day

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Aiming for 8% Annual Revenue Growth and Operating Margin of 5~6% by 2027!

– Held the 2024 CEO Investor Day on the 19th … Targeting 40% of global OE sales in auto component manufacturing by 2033

– Focusing on securing leading technological competitiveness and improving business structure centered on profitability to achieve a TSR of over 30%

– Strengthening high-value lineups such as EMB and SBW utilizing electrical signals to attain a 10% global chassis safety market share by 2030

SEOUL, South Korea, Nov. 19, 2024 /PRNewswire/ — Hyundai Mobis is embarking on improving its business structure centered on profitability, leveraging its leading global technological competitiveness. Through this initiative, the company has presented its mid-to-long-term business objectives to achieve an average annual revenue growth of 8% and an operating margin of 5~6% by 2027. Specifically, by 2033, Hyundai Mobis aims to increase the global automaker customer share in its auto component manufacturing sector from the current 10% to 40%. Based on this growth, the company also plans to achieve a Total Shareholder Return (TSR) of over 30%, thereby pursuing a balanced and proactive shareholder return policy.

On the 19th, Hyundai Mobis hosted the 2024 CEO Investor Day at the Fairmont Hotel in Yeouido, Seoul, with investors, analysts, and credit-rating agents in attendance. Lee Gyusuk, President and CEO of Hyundai Mobis, unveiled the company’s mid-to-long-term growth direction and comprehensive strategies. The event proceeded with each fundamental division explaining their execution plans to achieve the strategic goals.

Expanding to Achieve an Average Annual Revenue Growth of 8%, Operating Margin of 5~6%, and TSR of Over 30% by 2027

Firstly, Hyundai Mobis declared its intention to raise the average annual revenue growth rate to over 8% by 2027, marking the company’s 50th anniversary. For profitability, the company set a target operating margin of 5~6%. By maintaining the sales growth that has driven the company’s external expansion and bringing the operating margin back on track, Hyundai Mobis presented an aggressive goal to balance revenue and profitability.

Notably, the large-scale investment projects carried out in recent years have translated into revenue growth, making the company reduce cost burdens and enter the recovery cycle. President Lee Gyusuk emphasized, “With revenue growth becoming substantial around high-value core components, we anticipate qualitative growth based on profitability,” adding, “Leveraging our leading technological competitiveness, we will expand the global automaker sales share in the auto component manufacturing sector to 40% by 2033, propelling us to become a top three automotive supplier.”

Hyundai Mobis is committed to balancing business growth with shareholder return policies. On this day, the company announced plans to expand its current TSR of 20% to over 30% within the next three years. TSR represents the total return shareholders expect over a specific period, considering dividends and share buybacks or cancellations. As part of this initiative, Hyundai Mobis revealed plans to cancel its currently held treasury shares over the 3 years.

The Dual Pillars of Value-Up: Securing Leading Technological Competitiveness and Enhancing Business Structure Centered on Profitability

Hyundai Mobis’s strategy to secure market-leading technological competitiveness is based on its efficient response to the mobility trend of Software-Driven Vehicles (SDV), grounded in electrification.

Firstly, in the electrification sector, Hyundai Mobis plans to consolidate its leadership by proactively developing optimized products that meet market demands, such as Extended Range Electric Vehicles (EREV) and Economical Electric Powertrain (e-PT) systems. The EREV, aimed at addressing the transitional phase of electric vehicle adoption, is currently undergoing design verification and evaluation, with mass production targeted for the end of 2026.

The company is also proactively enhancing the stability of its battery systems to prepare beyond the chasm phase. Concurrently, Hyundai Mobis has announced plans to expand its lineup of e-PT systems, a core technology in the electrification business. By next year, the company intends to develop an economical 120kW e-PT system, which is priced at approximately 70% of the current 160kW systems dominating the electric vehicle market. This development targets concentrated efforts in small EV-centric markets such as Europe and India. Additionally, the 250kW e-PT system for large EVs is in the final stages of development, and the company is actively pursuing orders from premium global automakers.

In the electronics sector, Hyundai Mobis focuses on providing innovative solutions that encompass both hardware and software, such as integrated control platforms and unified infotainment systems, enabling flexible responses to SDV demands.

Within the chassis/safety sector, the company is strengthening its high-value product lineup with electronic braking systems (EMB) and steering systems (SBW), replacing mechanical components with electrical signals. This focus aims to position Hyundai Mobis as a leading player in the next-generation solutions market. President Lee Gyusuk stated, “Based on this enhanced competitiveness, we aim to achieve a 10% global market share in the chassis safety sector by 2030.”

Hyundai Mobis plans to optimize its business portfolio by categorizing it into growth businesses (electrification and electronics) and stabilization businesses (modules, chassis, safety, lamps, and service components). Growth businesses will concentrate on securing technology and expanding market presence, while stabilization businesses will focus on enhancing profitability.

Achieving Carbon Neutrality Including Supply Chain by 2045 … Continuously Expanding ESG Management

At the event, Hyundai Mobis announced its commitment to ESG management, aiming to realize mobility through responsible innovation and clean technology. The company plans to achieve a 35% renewable energy transition rate by 2025 and increase the sustainability audit rate of its manufacturing sites to 100% by 2025 and its component sites by 2027.

Hyundai Mobis will also enhance the transparency of its decision-making processes. From 2025 to 2027, the company will disclose the results of external evaluations related to board management, thereby expanding communication with stakeholders.

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SOURCE Hyundai Mobis

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Chef Robotics Physical AI Models Can Now Automate Baked Goods Packing

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SAN FRANCISCO, April 29, 2026 /PRNewswire/ — Chef Robotics, a leader in physical AI for the food industry, today announced that Chef robots can now automate tray assembly for baked goods packing. The application places baked products, such as burger buns, chocolate chip cookies, biscotti, butter cookies, biscuits, fortune cookies, granola bars, rusks, and shortbreads into trays and packaging containers before sealing.

Watch Chef robots in action.

Baked goods packing has historically been difficult to automate for high-mix production. Each item behaves differently on the production line—a granola bar compresses under the wrong grip, while a biscotti or rusk can crack if placed at the wrong angle. Surface textures range from glazed and smooth to crumbly and irregular, and strict presentation requirements leave little room for error. This variability has made it challenging for automation systems to reliably handle baked goods at production speeds, leaving food manufacturers dependent on manual labor and traditional bakery equipment.

To address this, Chef built its baked goods packing application on its existing piece-picking capability, which uses Chef’s AI-powered computer vision and physical AI models trained across diverse real-world production environments. This allows Chef robots to assess each item’s position, shape, and orientation in real time and determine how to pick the items from the pan and place them quickly and precisely without damaging them.

The baked goods packing application supports four distinct placement capabilities.

First, Chef’s vision system detects the angle at which each item sits in the pan and reorients it after picking, placing it on the tray at the exact angle required, regardless of its original position, enabling retail-ready presentation for SKUs that require precise angular placement.

Second, Chef robots can place multiple baked goods into the same packaging container in a single automated pass, completing full tray assembly without manual intervention.

Third, for packaging containers with multiple small compartments, Chef robots can precisely place items into each designated section, including multiple items in the same compartment, using Chef’s AI vision model to detect compartment positions and orientations in real time.

Fourth, Chef’s vision system identifies the exact center of each tray and places every item at a predefined offset from that center, ensuring a uniform, consistent arrangement across every pack regardless of how trays arrive on the conveyor.

For food manufacturers evaluating bakery systems and baked goods packaging automation, the application offers higher throughput, reduced labor dependency, and consistent presentation across shifts. The capability runs on Chef’s existing robotic hardware and software, allowing manufacturers to deploy it without requiring any changes to their production lines.

Chef’s baked goods packing application is available in the U.S., Canada, Germany, and the UK and is included as part of Chef’s robotics-as-a-service (RaaS) pricing model.

About Chef Robotics
Chef is the first company to have commercialized a scalable AI-driven food robotics solution. With over 104 million servings made in production, Chef leverages ChefOS, an AI platform for food manipulation, to offer a Robotics-as-a-Service solution that helps industry-leading food companies increase production volume and meet demand. Headquartered in San Francisco, CA, Chef aims to empower humans to do what humans do best by accelerating the advent of intelligent machines. Visit https://chefrobotics.ai to learn more.

View original content:https://www.prnewswire.com/news-releases/chef-robotics-physical-ai-models-can-now-automate-baked-goods-packing-302756923.html

SOURCE Chef Robotics

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Chef Robotics Physical AI Models Can Now Automate Baked Goods Packing

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SAN FRANCISCO, April 29, 2026 /PRNewswire/ — Chef Robotics, a leader in physical AI for the food industry, today announced that Chef robots can now automate tray assembly for baked goods packing. The application places baked products, such as burger buns, chocolate chip cookies, biscotti, butter cookies, biscuits, fortune cookies, granola bars, rusks, and shortbreads into trays and packaging containers before sealing.

Watch Chef robots in action.

Baked goods packing has historically been difficult to automate for high-mix production. Each item behaves differently on the production line—a granola bar compresses under the wrong grip, while a biscotti or rusk can crack if placed at the wrong angle. Surface textures range from glazed and smooth to crumbly and irregular, and strict presentation requirements leave little room for error. This variability has made it challenging for automation systems to reliably handle baked goods at production speeds, leaving food manufacturers dependent on manual labor and traditional bakery equipment.

To address this, Chef built its baked goods packing application on its existing piece-picking capability, which uses Chef’s AI-powered computer vision and physical AI models trained across diverse real-world production environments. This allows Chef robots to assess each item’s position, shape, and orientation in real time and determine how to pick the items from the pan and place them quickly and precisely without damaging them.

The baked goods packing application supports four distinct placement capabilities.

First, Chef’s vision system detects the angle at which each item sits in the pan and reorients it after picking, placing it on the tray at the exact angle required, regardless of its original position, enabling retail-ready presentation for SKUs that require precise angular placement.

Second, Chef robots can place multiple baked goods into the same packaging container in a single automated pass, completing full tray assembly without manual intervention.

Third, for packaging containers with multiple small compartments, Chef robots can precisely place items into each designated section, including multiple items in the same compartment, using Chef’s AI vision model to detect compartment positions and orientations in real time.

Fourth, Chef’s vision system identifies the exact center of each tray and places every item at a predefined offset from that center, ensuring a uniform, consistent arrangement across every pack regardless of how trays arrive on the conveyor.

For food manufacturers evaluating bakery systems and baked goods packaging automation, the application offers higher throughput, reduced labor dependency, and consistent presentation across shifts. The capability runs on Chef’s existing robotic hardware and software, allowing manufacturers to deploy it without requiring any changes to their production lines.

Chef’s baked goods packing application is available in the U.S., Canada, Germany, and the UK and is included as part of Chef’s robotics-as-a-service (RaaS) pricing model.

About Chef Robotics
Chef is the first company to have commercialized a scalable AI-driven food robotics solution. With over 104 million servings made in production, Chef leverages ChefOS, an AI platform for food manipulation, to offer a Robotics-as-a-Service solution that helps industry-leading food companies increase production volume and meet demand. Headquartered in San Francisco, CA, Chef aims to empower humans to do what humans do best by accelerating the advent of intelligent machines. Visit https://chefrobotics.ai to learn more.

View original content:https://www.prnewswire.com/news-releases/chef-robotics-physical-ai-models-can-now-automate-baked-goods-packing-302756923.html

SOURCE Chef Robotics

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Air Products to Expand Industrial Gas Supply for Samsung Electronics’ Next-Generation Semiconductor Fab in South Korea

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New investment underscores the company’s long-term commitment to Korea and its leading role in the global semiconductor industry 

LEHIGH VALLEY, Pa., April 29, 2026 /PRNewswire/ — Air Products (NYSE:APD), a world-leading industrial gases company and serving Samsung globally, today announced it has been selected by Samsung to supply industrial gases for its new advanced semiconductor fab in Pyeongtaek, Gyeonggi Province, South Korea.

Under the agreement, Air Products will build, own and operate multiple state-of-the-art production facilities and a bulk specialty gas supply system to supply nitrogen, oxygen, argon, and hydrogen for Samsung’s new semiconductor fab. The new facilities are expected to come onstream in multiple phases from 2028 through 2030.

Air Products has a long track record of executing multiple phase expansions in Pyeongtaek to support Samsung’s growing manufacturing needs. This latest project represents Air Products’ largest investment to date in the semiconductor industry and will establish Pyeongtaek as the company’s single largest operations site globally supporting the electronics industry. 

“Air Products is honored to be selected once again by Samsung and to have their continued confidence as a trusted partner supporting their strategic growth plans,” said SR Kim, President, Air Products Korea. “This significant investment reinforces Air Products’ role as a leading global supplier to the semiconductor industry and underscores our long-standing commitment to supporting our strategic customers with safety, reliability, efficiency and excellent service.”

Air Products has served the global electronics industry for more than 40 years, supplying industrial gases safely and reliably to many of the world’s leading technology companies. The company has operated in Korea for more than 50 years and has established a strong position in electronics and manufacturing sectors.

About Air Products

Air Products (NYSE: APD) is a world-leading industrial gases company in operation for over 85 years focused on serving energy, environmental, and emerging markets and generating a cleaner future. The Company supplies essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemicals, metals, electronics, manufacturing, medical and food. As the leading global supplier of hydrogen, Air Products also develops, engineers, builds, owns and operates some of the world’s largest clean hydrogen projects, supporting the transition to low- and zero-carbon energy in the industrial and heavy-duty transportation sectors. Through its sale of equipment businesses, the Company also provides turbomachinery, membrane systems and cryogenic containers globally.

Air Products had fiscal 2025 sales of $12 billion from operations in approximately 50 countries. For more information, visit airproducts.com or follow us on LinkedInXFacebook or Instagram.

This release contains “forward-looking statements” within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management’s expectations and assumptions as of the date of this release and are not guarantees of future performance. While forward-looking statements are made in good faith and based on assumptions, expectations and projections that management believes are reasonable based on currently available information, actual performance and financial results may differ materially from projections and estimates expressed in the forward-looking statements because of many factors, including the risk factors described in our Annual Report on Form 10-K for the fiscal year ended September 30, 2025 and other factors disclosed in our filings with the Securities and Exchange Commission. Except as required by law, we disclaim any obligation or undertaking to update or revise any forward-looking statements contained herein to reflect any change in the assumptions, beliefs or expectations or any change in events, conditions or circumstances upon which any such forward-looking statements are based.

View original content to download multimedia:https://www.prnewswire.com/news-releases/air-products-to-expand-industrial-gas-supply-for-samsung-electronics-next-generation-semiconductor-fab-in-south-korea-302757497.html

SOURCE Air Products

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