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SSS Springs, India and Daewon, Korea announce JV for plant in Chennai

On October 27, Stumpp Schuele & Somappa Springs Pvt. Ltd (SSS Springs) and Daewon, South Korea announced a 60:40 joint venture (JV) to set up an advanced seating systems manufacturing plant in Chennai. The JV will invest USD 25 million over the next three years in phases for the plant and R&D centre. The JV will prod....

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