Posted in | News | Automotive Materials

Hyundai Corporation Provides Molding Facilities to China

Aug 3 2005

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Hyundai Corporation has announced that it would offer 10 million dollars worth of molding facilities for automobiles to Putyen Automobile of China.

According to this contract, Hyundai Corporation will deliver the entire molds for external body of vehicles with Shinyoung Metal, a company dedicated to developing automobile parts and molding.

An official said, “As Putyen plans to advance into the automobile market in this year, we can anticipate additional provision. We will expand our business into other foreign markets including China with the domestic firms with high-end technology.”

Putyen Automobile manufactures large-sized commercial vehicles that hold a collection of brands and vehicles such as truck, bus and SUV. It posted about 2.17 billion dollars of sales (340,000 vehicles) last year.

http://www.hyundaicorp.com

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