Prodction Plants and Joint Ventures in Asia
Korea: Song-Do
Brose International GmbH, Coburg, and Mando Corporation, Seoul, one of the leading automotive suppliers in Korea, have set up a joint-venture which will trade under the name of Mando-Brose Corporation. Each partner holds a 50% stake in the company.
The agreement was signed on January 31st, 2011 by Jürgen Otto, CEO of Brose Group, and Zung-Su Byun, Vice-Chairman of Mando Corporation, in Songpa-gu/Seoul.
To begin with, the joint-venture will develop and manufacture steering motors for the Korean market. The corporation will therefore set up a plant in Song-Do/South Korea, approx. 30 km from Seoul, which will start operating in the first half of 2012.
After production ramp-up, the Mando-Brose Corporation anticipates an annual business volume of 100 million euros from 2015.
The agreement was signed on January 31st, 2011 by Jürgen Otto, CEO of Brose Group, and Zung-Su Byun, Vice-Chairman of Mando Corporation, in Songpa-gu/Seoul.
To begin with, the joint-venture will develop and manufacture steering motors for the Korean market. The corporation will therefore set up a plant in Song-Do/South Korea, approx. 30 km from Seoul, which will start operating in the first half of 2012.
After production ramp-up, the Mando-Brose Corporation anticipates an annual business volume of 100 million euros from 2015.
Production locations in Asia
