Faurecia has signed an agreement with South Korean company Kwang Jin Sang Gong to form a 50/50 joint venture to make door modules in South Korea.
Go deeper with GlobalData
The JV will be called Kwang Jin Faurecia Limited with head office and development centre in Ansan.
Three assembly plants in Asan, Ulsan and Kwangju will produce just-in-time door modules for Hyundai and Kia vehicles.
Faurecia is already the second largest manufacturer of exhaust systems with two production plants in Kyong Ju and Shiheung.
Kwang Jin Sang Gong is South Korea’s leading manufacturer of door window regulators and the second largest supplier of door modules.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataFaurecia has been operating in South Korea since 2002 and employs a total of over 300 people.
In 2004, the group posted sales of EUR80 m in South Korea.
