Sungwoo Hitech increases shareholding in Sungwoo Gestamp Hitech (Chennai) in India  [ India ]

Sungwoo Hitech announced that the company now has a 95.0 percent share in Sungwoo Gestamp Hitech (Chennai) Ltd. (SGH), its Indian joint venture company it established with Gestamp of Spain. Previously, Sungwoo's shareholding in the joint venture was 45.0 percent. The joint venture supplies automotive body components to Hyundai Motor's plant in India. (From a press release on April 30, 2014)
<Apr 30, 2014>