Valeo and Pyeong HWA create joint venture Valeo-Kapec to build torque converters
Valeo announced that it has signed an agreement with its long-standing South Korean partner Pyeong HWA to create a 50/50 joint venture to build torque converters for automatic and continuous variable transmissions. The new company, Valeo-Kapec, will be headquartered in Daegu, South Korea. Each partner will contribute....
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