Hands Corporation Co.
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.
- Company typePublic
- Founded1972
- HeadquartersIncheon, South Korea
- Headcount1,001–5,000
- GTM typeB2B
- OfferingHardware or Manufacturing
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.
Hands Corporation Co. firmographics
Firmographics- 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
Hands Corporation Co. industry classification
Industry- 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
Where Hands Corporation Co. is headquartered
LocationHeadquarters
- HQ city
- Incheon
- HQ country
- South Korea
- HQ region
- Asia
Offices8 records
Markets served
Hands Corporation Co. business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Supply Chain, Personnel, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- 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
- 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
- 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
Hands Corporation Co. product offering
Product offeringCore 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
Companies that use Hands Corporation Co.
Customer profileNamed customers11 records
Segments2 records
Ideal customer profiles2 records
Hands Corporation Co. technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature17 records
Hands Corporation Co. partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and major.
- Open ElementcoreTrilateral 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 MotorscoreKazakhstan'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)coreTechnology transfer and equipment supply agreement with India Rockoman for establishing wheel manufacturing capabilities in India, expanding HANDS' global technology footprint.
- Toyota KoreamajorMotorsport 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
Hands Corporation Co. competitors and assessment
Company assessmentDirect 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
Hands Corporation Co. social profiles
Digital presenceHands Corporation Co. compliance and trust
Trust signalCompliance8 records
Hands Corporation Co. financial estimates
Financial estimateRevenue estimate
Valuation estimate
Hands Corporation Co. leadership team
Management profileNumber of profiles
Profiles13 records
Hands Corporation Co. subsidiaries and ownership
Company hierarchySubsidiaries7 records
Hands Corporation Co. funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Hands Corporation Co. M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Hands Corporation Co.
What does Hands Corporation Co. do?
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.
Is Hands Corporation Co. a public or private company?
Hands Corporation Co. is a public company. It is classified as public and is currently operating.
When was Hands Corporation Co. founded?
Hands Corporation Co. was founded in 1972. It employs 1,001 to 5,000 people.
Where is Hands Corporation Co. based?
Hands Corporation Co. is headquartered in Incheon, South Korea, in the Asia region.
How does Hands Corporation Co. make money?
Three revenue lines are on record. OEM Wheel Supply is the primary driver. The others are aftermarket HANDS PRIME Brand Sales and international Expansion.
Who are Hands Corporation Co.'s main competitors?
Direct peers on record are Iochpe-Maxion, Topy Industries, CITIC Dicastal, Steel Strips Wheels, Wheels India Limited, Superior Industries International, Ronal Group, Enkei Corporation and BORBET GmbH. Accuride Corporation is listed as a broad incumbent.
Does Hands Corporation Co. have an API?
No public API is recorded for Hands Corporation Co..
What industry is Hands Corporation Co. in?
Hands Corporation Co.'s product category is Automotive Aluminum Wheels. Its primary akta.pro industry code is IMACAIAJ, Wheels & Rims Manufacturing (Steel/Alloy), with a secondary code of IMACAIAH, Chassis Modules & Corner Assemblies (Complete Corner/Chassis Module Integration). Its NAICS code is 3363 and its SIC code is 3751.