10-20% reduction in delivery volume… Half of the parts makers intensify the financial crisis
[장현경 제작] Photo composition/illustration
(Seoul = Yonhap News) Reporter Kwon Hee-won = While the global automotive industry is expected to see a record decrease in sales due to the prolonged supply and demand for automotive semiconductors, domestic automakers are also starting to cut production in earnest, raising a sense of crisis even in the parts industry.
According to the Korea Automobile Industry Association (KAMA) on the 6th, due to the shortage of semiconductors for vehicles, the domestic automakers started to cut production in earnest from this month, indicating that the recent supply of parts makers has decreased by 10-20%.
In addition, as automotive semiconductor prices have risen by about 20%, the financial situation in the parts industry is worsening.
According to the results of a survey of 53 first- and third-tier suppliers on the 2nd by the Automobile Industry Association on the 2nd, 48.1% of the companies that responded that they are reducing production due to a disruption in the supply and demand of semiconductors for vehicles were counted.
In addition, more than 40% of surveyed companies answered that their sales and operating profit in the first quarter of this year decreased from last year, and 49.1% said they were experiencing financial difficulties.
It was found that some parts makers are controlling production by working only for 3 days and closed for 2 days due to production cuts by automakers.
In fact, 36.0% of respondents said that the production of parts decreased to less than 50% as the supply and demand shortage of automotive semiconductors prolonged, and 64.0% of the respondents declined to less than 20%.
The industry is concerned that the liquidity crisis could intensify due to a series of operational disruptions as the parts industry suffered a primary blow from last year’s novel coronavirus infection (Corona 19), and the semiconductor supply and demand crisis overlapped.
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According to the association, as exports fell sharply due to Corona 19, the number of companies in the red among parts makers increased from 21 to 35 by the third quarter of last year, and total sales decreased by 9.7% compared to the same period last year. The operating margin fell to the 1% range.
Accordingly, some point out that it is urgent to prepare financial measures for the parts industry.
“In the short term, the liquidity crisis should be prevented by expanding support for parts industry securitization company guarantee (P-CBO) and deferring tax payments,” said Kim Joon-gyu, chairman of the Automobile Industry Association. I also need to apply,” he said.
The industry predicts that the disruption in supply and demand for automotive semiconductors will continue through the third quarter. According to consulting firm Alix Partners, sales of global automakers are expected to decline by $60.6 billion this year.
Market research firm IHS Markit predicted that production disruption of about 1.3 million units would occur in the first quarter alone.
Most major overseas automakers, such as Volkswagen, Ford, Audi, Toyota, GM, and Tesla, have already started reducing production from the beginning of the year due to a lack of automotive semiconductors.
Workers are working at a factory in an auto parts company in Gyeongnam.[촬영 이세원]
The domestic automakers industry has been relatively good at supply and demand compared to foreign companies thanks to inventory management, but from this month on, Hyundai Motor Company.[005380]And hunger[000270]As the province started to cut production in earnest, the’April crisis theory’ is becoming a reality.
From March, Hyundai Motor Company has adjusted its production plans, such as reducing overtime for each factory and producing priority models from popular models, but finally decided to suspend operation of Ulsan Plant 1, which produces Ionic 5 and Kona from the 7th to 14th of this month. did.
In addition, the Asan plant, which produces Granger and Sonata, is also considering closing.
Kia, which has been reducing overtime for each plant since last month, has decided not to conduct overtime at the Hwaseong plant during this month.
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2021/04/06 16:27 sent