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Russia

Daewon Kangup establishes seat production joint venture in Russia

Daewon Kangup announced that the company and AvtoVAZagregat, a Russian auto parts supplier, will jointly establish DAEWON-AvtoVAZagregat Seats LLC in Russia. The joint-venture company will be capitalized at RUB 16.1 million, of which 51.0 percent will be invested by Daewon Kangup. DAEWON-AvtoVAZagregat Seats is expec....

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