South Korea Joint Venture: Eberspaecher Expands Customer Base to Include Hyundai KiaBy J. Eberspaecher Gmbh Co. Kg, PRNE
Sunday, April 10, 2011
ESSLINGEN, Germany and HWASEONG CITY, South Korea, April 11, 2011 - In order to supply Hyundai Kia, exhaust specialist Eberspaecher, located
in Esslingen, Germany is collaborating with South Korean car supplier Wooshin
Industrial of Dangjin City. As a first step, a joint venture has now been set
up for the South Korean market under the name of Wooshin Eberspaecher AG in
Hwaseong City. Further joint ventures to supply the Korean vehicle
manufacturer are planned around the world.
"Thanks to the co-operative link-up with Wooshin we are able to expand
our customer base to include Hyundai Kia," explains Eberspaecher CEO Dr.
Thomas Wuensche. Until now the leading exhaust specialist has been
represented in the South Korean market by a sales and development branch
office; this is the first time it has ventured into local production.
In future, Wooshin Eberspaecher AG will supply so-called hot ends, i.e.
particulate filters and catalytic converters, to manufacturer Hyundai Kia in
its home market. Currently, joint venture partner Wooshin Industrial Co.
Ltd., which has around 330 employees, supplies Hyundai Kia in South Korea
with muffler assemblies - so-called cold ends - and exhaust manifolds.
An important component of the co-operation agreement is the agreed
know-how and technology transfer. Wuensche stresses: "With Eberspaecher's
technological edge in diesel and hot end technology, Wooshin will be able to
adopt an excellent strategic position in the domestic market".
The Korean car group is also set to be supplied with hot and cold ends in
future via further joint ventures of the two partner companies in
international markets, for example the USA, India, Russia, Czech Republic,
Slovakia and Brazil.
Eberspaecher ranks amongst the leading system developers and suppliers of
exhaust technology, vehicle heaters and bus air conditioning systems
worldwide and is also involved in automotive electronics and automotive bus
systems for electronic networking in the vehicles. Its customers include
almost all European and North American, and increasingly more Asian
manufacturers of passenger cars and commercial vehicles. In 2009, the
internationally positioned group of companies, with approximately 5,300
employees, posted sales of over 1.3 billion Euros.
Press contact: J. Eberspächer GmbH & Co. KG Gabriela Schoppe Head of Public Relations Eberspächerstrasse 24 73730 Esslingen GERMANY Phone: +49-711-939-0224 Fax: +49-711-939-160224 firstname.lastname@example.org
Press contact: J. Eberspächer GmbH & Co. KG, Gabriela Schoppe, Head of Public Relations, Eberspächerstrasse 24, 73730 Esslingen; GERMANY, Phone: +49-711-939-0224, Fax: +49-711-939-160224, gabriela.schoppe at eberspaecher.com
Tags: April 11, Esslingen, Germany, Germany And Hwaseong City, J. Eberspaecher Gmbh & Co. Kg, South Korea