Hands Corporation Co.

What Hands Corporation Co. does

Hands Corporation Co. (HANDS) is a Korean aluminum alloy wheel manufacturer, founded in 1972 and headquartered in Incheon, South Korea, supplying global automotive OEMs. Listed on the KOSPI under ticker HDC since December 2016, the company operates 17.5 million units of annual wheel production capacity and is the top aluminum wheel producer in Korea. It holds 30+ patents related to wheel manufacturing and has been designated a Korean "World-class Product" producer.

Name

Hands Corporation Co.

Legal name

HANDS Corporation Ltd. (핸즈코퍼레이션 주식회사)

Website

https://handscorp.co.kr

Company type

Public

Founded year

1972

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Korean aluminum alloy wheel manufacturer serving 40+ global automotive OEMs with 17.5M unit annual capacity across facilities in Korea, China, and Morocco, plus sales offices in the USA, Japan, and Germany.

Ownership category

akta.pro rank

Product category

Automotive Aluminum Wheels

NAICS

Motor Vehicle Parts Manufacturing (3363)

SIC

Motorcycles, Bicycles & Parts (3751)

akta.pro primary industry

Wheels & Rims Manufacturing (Steel/Alloy) (IMACAIAJ)

akta.pro secondary industry

Chassis Modules & Corner Assemblies (Complete Corner/Chassis Module Integration) (IMACAIAH)

Keywords

• Aluminum wheels
• OEM wheel supply
• Automotive wheel manufacturing
• Alloy wheel production
• Magnesium wheels

Headquarters

HQ city

Incheon

HQ country

South Korea

HQ region

Asia

Offices8 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. OEM Wheel Supply: Long-term supply contracts with global automotive manufacturers (Hyundai, Kia, GM, Ford, Volkswagen, Renault-Nissan, FCA, Toyota, Suzuki, Daihatsu) for aluminum wheels as original equipment
2. Aftermarket HANDS PRIME Brand Sales: Sale of HANDS PRIME branded aluminum wheels and accessories to consumers and tuning shops through own retail stores and automotive events
3. International Expansion: Technology transfer, equipment supply, and joint venture partnerships for establishing international manufacturing facilities (Kazakhstan, India)

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

HANDS Corporation designs and manufactures aluminum alloy wheels for global automotive OEMs (Original Equipment Manufacturers) including Hyundai, Kia, GM, Ford, Volkswagen, Renault-Nissan, FCA, Toyota, Suzuki, and Daihatsu, along with a small aftermarket line under the HANDS PRIME brand and the MG0400 magnesium wheel. Production uses a five-stage process (melting, casting, heat treatment, machining, painting) with proprietary low-pressure casting, gravity casting, multi-stage flow-forming, and magnesium-alloy technologies supported by 30+ patents and 17.5 million units of annual production capacity across plants in Korea, China, and Morocco. The company also generates revenue through technology transfer and equipment supply to international partners.

Product overview

Hands Corporation is Korea's leading aluminum wheel manufacturer, producing wheels for OEM (original equipment manufacturers) and aftermarket markets. The company manufactures aluminum wheels through a five-stage production process (melting, casting, heat treatment, machining, painting) and supplies to major global automakers including Hyundai, Kia, GM, Ford, Volkswagen, Renault-Nissan, and others. The HANDS PRIME brand serves the aftermarket/retail segment with aluminum and magnesium wheels. Key product lines include standard aluminum wheels and the MG0400 magnesium wheel, which offers significant weight reduction for performance applications.

Differentiator

Problem solved

Functional benefit

Brands

• HANDS PRIME: Aftermarket brand for aluminum wheels launched in 2014, targeting the automotive tuning and customization market
• HANDS Motorsport

Products and services

• Aluminum OEM Wheels Aluminum alloy wheels manufactured as original equipment (OEM) for global automotive brands including Hyundai, Kia, GM, Ford, Volkswagen, Renault-Nissan, FCA, Toyota, Suzuki, and Daihatsu. Produced via a five-stage process (melting, casting, heat treatment, machining, painting) at facilities in Korea (Incheon, Hwaseong), China (Qingdao), and Morocco (Tanger).
• HANDS PRIME Aftermarket Wheel Brand Aftermarket aluminum wheel brand launched in 2014 for the Korean tuning and customization market, including multiple design models for retail consumers sold via the HANDS PRIME offline store in Incheon and at automotive events/exhibitions.
• MG0400 Magnesium Wheel Magnesium alloy automotive wheel, the first manufactured in Korea's automotive wheel industry, achieving 28-35% weight reduction versus aluminum wheels and delivering 5-10% fuel efficiency improvement. Targeted at performance applications within the HANDS PRIME aftermarket line.

Quantifiable outcome

• 4-5% fuel efficiency improvement with aluminum wheels vs steel wheels (10kg weight reduction per vehicle)
• +3 more outcomes

Named customers11 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature17 records

Partnerships

Four partnerships are on record, tiered core and major.

• Open ElementcoreStrategic or Co-development Partner · 4 February 2026Trilateral memorandum signed with US-based Open Element and South Korea's Hands Corporation to establish Kazakhstan's first modern aluminum wheel manufacturing plant with full technological cycle. Open Element serves as the US partner in this joint venture alongside Astana Motors as Kazakhstan's domestic partner.
• Astana MotorscoreStrategic or Co-development Partner · 4 February 2026Kazakhstan's domestic partner in the joint venture for establishing the country's first modern aluminum wheel manufacturing plant. The project aims to deepen automotive sector localization and reduce import reliance in Kazakhstan.
• Rockoman (India)coreStrategic or Co-development Partner · 1 July 2017Technology transfer and equipment supply agreement with India Rockoman for establishing wheel manufacturing capabilities in India, expanding HANDS' global technology footprint.
• Toyota KoreamajorGTM or Marketing Partner · 22 January 2015Motorsport festival partnership for Toyota 86 one-make race sponsorship. Toyota Korea supports the HANDS MotorSport Festival by providing promotional activities and supporting the Toyota 86 race series within the festival.

Scale indicators8 records

Recent moves13 records

Expansion highlights5 records

Direct peers

• Iochpe-Maxion: Brazilian-American global wheel leader and the stated benchmark in HANDS' Global TOP 3 vision; directly competes across passenger car and commercial vehicle aluminum/steel wheels for the same OEM customers.
• Topy Industries: Japanese wheel and automotive components manufacturer with OEM wheel programs; comparable as another Asian OEM wheel supplier with similar casting and machining processes.
• CITIC Dicastal: China-based, the world's largest aluminum automotive wheel manufacturer serving global OEMs; directly comparable to HANDS on aluminum wheel casting/flow-forming technology, OEM supply model, and international footprint.
• Steel Strips Wheels: Indian-listed wheel manufacturer with growing international OEM presence and alloy wheel capabilities; comparable tier-2/3 competitor pursuing similar global OEM growth strategy as HANDS.
• Wheels India Limited: Indian-listed wheel manufacturer serving Indian and global OEM customers; comparable as an Asian-headquartered OEM wheel specialist with casting and machining capabilities overlapping HANDS' core processes.
• Superior Industries International: US-listed global aluminum wheel manufacturer supplying North American and European OEMs; overlaps with HANDS on large-diameter aluminum wheel programs for GM, Ford, FCA.
• Ronal Group: Swiss-headquartered aluminum wheel manufacturer with European production footprint serving VW, BMW, Mercedes and other premium OEMs; directly comparable on aluminum lightweight wheel technology and OEM-driven business model.
• Enkei Corporation: Japanese aluminum wheel manufacturer with deep OEM supply relationships (Toyota, Honda, Suzuki); closest geographic and customer-overlap peer to HANDS with similar flow-forming and casting capabilities.
• BORBET GmbH: German aluminum wheel specialist supplying European OEMs; competes with HANDS on the same European OEM platforms, particularly VW Group programs where HANDS already holds A-Rank status.

Broad incumbents

• Accuride Corporation: US-based commercial vehicle and aluminum wheel producer with broader truck/heavy-duty focus but overlapping passenger aluminum wheel programs serving North American OEMs.

Market position

Strengths5 records

Weaknesses6 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/hands-8-sa

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries7 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 Hands Corporation Co.