Ecoplastic

What Ecoplastic does

Ecoplastic (에코플라스틱 주식회사) is a South Korean automotive plastic parts manufacturer founded in 1984 and listed on KOSDAQ (ticker 38110), headquartered in Gyeongju-si with a workforce of approximately 614 employees (560 management/production plus 54 R&D). The company is part of the SECO group of affiliated automotive-parts companies (alongside Seojin Industrial, Seojin Automotive, Seojincam, Komos, and AIA) and produces five core OEM product lines: automotive bumpers, interior consoles, ambient lighting components, interior and exterior trim parts, and plastic injection molds. Underlying capabilities are centered on plastic injection molding, in-house mold manufacturing, and proprietary painting/coating technology, supported by a dedicated in-house R&D center.

The company operates as a tier-1/tier-2 OEM supplier to major Korean automotive manufacturers, with Hyundai Motor and Hyundai Mobis identified as anchor customers. Notable contract wins include the Hyundai Motor Avante successor-model bumper and console supply (approximately 400 billion KRW annually, equal to 10.9% of 2008 revenue) and joint participation with Seoyon E-hwa and Plakor in the 2026 acquisition of Hyundai Mobis's overseas bumper business (~$324.5M) covering manufacturing facilities in the US, China, Slovakia, Brazil, and Mexico. The 2019 MOU on aluminum surface treatment with Gyeongbuk TechnoPark, Daegu Hanlyo University, and TechTrans signals an early move into adjacent automotive surface-treatment technologies.

The business model is contract-based B2B OEM supply: pricing is determined through competitive bidding with automotive OEMs rather than disclosed publicly, with multi-year contracts and just-in-time delivery to vehicle assembly plants. Revenue streams include hardware sales of OEM components and one-time mold/tooling sales. The company has undergone structural changes including a 2010 change of largest shareholder from Plako to Seojin Clutch, a 2013 three-company plastic merger, a 2020 restructuring under the Corporate Vitality Enhancement Act, and a 2023 rights offering of 302,174 shares at 3,515 KRW per share. International operations span five countries, supported by awards including the $300M Export Tower (2017), Hidden Champion (2014), and IR52 Jang Young-Sik Award (2013).

Name

Ecoplastic

Legal name

에코플라스틱 주식회사

Website

https://eco-plastic.com

Company type

Public

Founded year

1984

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Ecoplastic (에코플라스틱) is a South Korean KOSDAQ-listed automotive plastic parts manufacturer supplying bumpers, consoles, trim, ambient lights, and molds primarily to Hyundai Motor and Hyundai Mobis as an OEM tier-1 supplier across five countries.

Ownership category

akta.pro rank

Product category

Automotive Plastic Components Manufacturing

NAICS

Motor Vehicle Parts Manufacturing (3363), Motor Vehicle Electrical and Electronic Equipment Manufacturing (33632), Plastics Product Manufacturing (3261), Other Motor Vehicle Parts Manufacturing (336390)

SIC

Motor Vehicle Parts & Accessories (3714), Miscellaneous Plastics Products (3080)

akta.pro primary industry

Automotive Exterior Body Panels & Closures Manufacturing (Bumpers/Fenders/Hoods/Doors/Tailgates) (IMACAKAD)

akta.pro secondary industries

Automotive Interior Comfort & Convenience Components Manufacturing (Armrests/Cupholders/Storage/Interior Hardware) (IMACAKAJ), Automotive Lighting Assemblies Manufacturing (Headlamps/Taillamps/Interior Lamps/DRLs) (IMACAKAG), Automotive & Transportation Injection Molded Parts (IMANAFAB)

Keywords

• Automotive plastic components
• OEM bumper manufacturing
• Injection molding services
• Interior trim parts
• Mold manufacturing

Headquarters

HQ city

Gyeongju

HQ country

South Korea

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Infrastructure

Revenue model

1. OEM Automotive Components: Direct supply of automotive plastic components (bumpers, consoles, trim, ambient lights) to vehicle manufacturers as OEM supplier
2. Mold/Tooling Sales: Production and sale of molds and tooling for plastic component manufacturing

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels2 records

Core offering

Ecoplastic manufactures and sells automotive plastic components for vehicle OEMs, including bumpers, consoles, interior ambient lighting, interior and exterior trim parts, and molds. The company operates plastic injection molding and painting facilities in South Korea with overseas production capacity spanning five countries, supplying directly into automotive assembly lines as a tier-1 supplier to Hyundai Motor and Hyundai Mobis.

Product overview

Ecoplastic is an automotive plastic parts manufacturer operating as part of the SECO group. The company produces a focused portfolio of five core product lines: BUMPER (exterior automotive bumpers), CONSOLE (interior vehicle consoles), AMBIENT LIGHT (interior lighting components), TRIM (interior and exterior trim parts), and MOLD (mold manufacturing). The products serve as OEM components for major Korean automakers, with a business model centered on plastic injection molding and painting capabilities for automotive applications.

Differentiator

Problem solved

Functional benefit

Products and services

• BUMPER Automotive exterior bumpers manufactured via plastic injection molding for vehicle OEMs including Hyundai Motor Group. Designed for crash performance, aesthetics, and weight reduction for vehicle assembly programs.
• CONSOLE Automotive interior console components for vehicle cabins, supplied to automotive OEMs as interior trim assemblies.
• AMBIENT LIGHT Interior ambient lighting components for automotive passenger compartments, supplied to vehicle OEMs for cabin illumination features.
• TRIM Automotive interior and exterior trim parts manufactured for vehicle OEMs, addressing aesthetic design, durability, and weight requirements.
• MOLD (금형) In-house mold manufacturing capabilities for plastic automotive components, supporting the company's design-to-production integration.

Quantifiable outcome

• Hyundai Motor Avante contract worth ~400 billion KRW annually (10.9% of 2008 revenue)

Named customers2 records

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Eleven partnerships are on record, tiered major, core and supporting.

• Seoyon E-hwa Co. (서진산업)majorStrategic or Co-development Partner · 1 July 2026Joint acquisition of Hyundai Mobis overseas bumper business with Ecoplastic and Plakor Co. for approximately $324.5 million total; Seoyon E-hwa acquiring most valuable U.S. assets including plants in Montgomery, Alabama, and West Point, Georgia
• Plakor Co. (플라코)majorStrategic or Co-development Partner · 1 July 2026Joint acquisition of Hyundai Mobis overseas bumper business together with Seoyon E-hwa and Ecoplastic for approximately $324.5 million total; covers manufacturing facilities in US, China, Slovakia, Brazil, and Mexico
• Gyeongbuk TechnoPark (경북테크노파크)coreStrategic or Co-development Partner · 25 February 2019MOU for development of aluminum surface treatment technology systems for automotive applications; joint development partnership with Ecoplastic, Daegu Hanlyo University Surface Treatment Center, and TechTrans
• Daegu Hanlyo University Surface Treatment Center (대구한의대학교 표면처리센터)supportingTechnology or Integration · 25 February 2019Technical partner in MOU for automotive aluminum surface treatment development; collaboration with Ecoplastic, Gyeongbuk TechnoPark, and TechTrans
• TechTrans Co. (테크트랜스)supportingTechnology or Integration · 25 February 2019Technology partner in MOU for automotive aluminum surface treatment development; collaboration with Ecoplastic, Gyeongbuk TechnoPark, and Daegu Hanlyo University
• SECO (세코)coreOthersParent company/group leader; Ecoplastic is part of SECO group of companies including Seojin Industrial, Seojin Automotive, Seojincam, Komos, and AIA
• Seojin Industrial (서진산업)coreOthersAffiliate company within SECO group; mutual collaboration within automotive parts manufacturing ecosystem
• Seojin Automotive (서진오토모티브)coreOthersAffiliate company within SECO group; mutual collaboration within automotive parts manufacturing ecosystem
• Seojincam (서진캠)supportingOthersAffiliate company within SECO group; mutual collaboration within automotive parts manufacturing ecosystem
• Komos (코모스)supportingOthersAffiliate company within SECO group; mutual collaboration within automotive parts manufacturing ecosystem
• AIA (아이아)supportingOthersAffiliate company within SECO group; mutual collaboration within automotive parts manufacturing ecosystem

Scale indicators5 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Hyundai Mobis: Largest Korean automotive parts manufacturer and major Ecoplastic customer. While Ecoplastic is a tier supplier, Hyundai Mobis is the OEM-facing module assembler, making it both customer and partial competitor in the broader automotive plastics and modules space.
• Faurecia: Global automotive interior systems supplier (seats, interiors, clean mobility). Overlaps with Ecoplastic's interior trim and console offerings but operates at much larger scale with broader product portfolio and European OEM customer base.

Direct peers

• Hwashin Co., Ltd. Korean automotive plastic parts manufacturer specializing in bumpers, instrument panels, and console modules. Directly comparable in size, product portfolio, and Hyundai/Kia OEM customer focus, serving as a close Korean competitor.
• Plastic Omnium: Global leader in automotive bumpers, fenders, and exterior plastic body panels. Direct product overlap with Ecoplastic's bumper portfolio but with vastly greater scale (over €10B revenue) and global OEM relationships including European and North American automakers.
• Flex-N-Gate: Major North American automotive bumper and exterior components manufacturer serving OEM customers. Comparable product portfolio focused on injection-molded bumpers and exterior panels, providing a useful scale and geographic benchmark for Ecoplastic's expansion ambitions.
• Samvardhana Motherson International: Global automotive parts manufacturer with extensive plastic interior and exterior component capabilities serving major OEMs worldwide. Comparable in being a tier supplier with vertically integrated plastic processing, though at much larger scale and broader product scope.
• Donghee Auto Parts: Korean automotive fuel tank and plastic parts manufacturer serving Hyundai Motor Group and other OEMs. Comparable in being a mid-sized Korean plastic automotive parts supplier with similar customer concentration profile.
• Plakor Co. Korean automotive plastic parts manufacturer specializing in bumpers and exterior components. Co-acquirer with Ecoplastic and Seoyon E-hwa of the Hyundai Mobis overseas bumper business, making it a direct peer in both product offering and recent strategic transaction.
• Seoyon E-hwa Co. Korean automotive interior and exterior parts manufacturer and direct consortium partner with Ecoplastic in the Hyundai Mobis overseas bumper business acquisition. Both companies compete for similar Hyundai/Kia supplier programs and have overlapping product portfolios in bumpers and interior components.

Others

• Seoyon E-hwa Interior Systems: Affiliate of Seoyon E-hwa focused on interior module assembly. Adjacent participant in the same consortium ecosystem as Ecoplastic for the Hyundai Mobis acquisition, illustrating the broader Seoyon group's automotive parts reach.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ecoplastic