Daewon Asia Auto Spring established  [ Korea ]

Dae Won Kang Up Co., Ltd. established Jiangsu Daewon Asia Auto Spring Co., Ltd. in Jiangsu Province, China, in order to produce coil springs, stabilizers and other automotive products. The new company, which is Dae Won Kang Up Co., Ltd’s wholly owned subsidiary, is capitalized at 2,754 million won. (From a April 20, 2012 press release)