Hyundai Powertech establishes Mexican subsidiary  [ Mexico ]

Hyundai Powertech established a Mexican subsidiary, Hyundai Powertech Mexico S. de C.V., in December 2014. The new company is capitalized at KRW 77,224 million, of which 99.9 percent was provided by Hyundai Powertech. The subsidiary will produce automatic transmissions for Kia Motors' plant in Mexico. (From a press release on December 19, 2014)
<Dec 19, 2014>