Mando produces 24.70 million brake calipers in 2014  [ Korea ]

Mando Corporation announced that it produced 24.70 million brake calipers during 2014, becoming the world's third largest brake caliper supplier after TRW and Continental. By 2020, the company aims to increase its annual production volume further to 50 million units. Mando also announced its plan to increase its R&D expenses for 2015 to the level equivalent to over 5.0 percent of its annual...