On November 20, 2024, at the 50th National Quality Management Convention hosted by the Ministry of Trade, Industry and Energy, PyungHwa Oil Seal Industry achieved the remarkable milestone of being recognized as an Excellent Quality Competitiveness Company for the 15th consecutive year, following its first certification in 2010.

Since its initial recognition, the company has continuously advanced its quality management system through systematic innovation initiatives.

To strengthen quality competitiveness, PyungHwa Oil Seal operates the “POS Line 5 Star” system, which evaluates and upgrades production cells while ensuring the highest level of quality control required by customers.

In addition, the company has implemented the “Quality Yellow Bell” reporting system to proactively identify and immediately address potential quality issues. Through its emergency response system, “Q-Risk CFT,” cross-functional teams of product and field specialists conduct root cause analyses and establish corrective measures to fundamentally prevent the outflow of nonconforming products.

To drive innovation in production operations, the company has enhanced its Master Production Scheduling (MPS) system to forecast customer orders and established an integrated system that connects production planning to final delivery.

As a result of these continuous improvements, inventory levels have been reduced by more than 50%, while inventory turnover and on-time delivery rates have significantly increased. Automation rates have been raised to over 60% to improve operational efficiency, and a preventive maintenance system has been implemented to substantially reduce equipment failure rates.

This consecutive recognition reflects the sustained excellence and unwavering commitment of PyungHwa Oil Seal Industry to quality innovation and operational competitiveness.