On December 28, Suprajit Engineering Limited announced the incorporation of a new entity, Suprajit Chuhatsu Control Systems Private Limited, on December 27, 2024, as approved by the Ministry of Corporate Affairs, Government of India. The newly established company will focus on manufacturing and trading control cables

South Korea’s drawn steel pipe manufacturer, Yulchon LLC, announced that it has formally acquired the site for new plant construction in Poland.
The South Korean automotive parts supplier will create a new production base in Sroda Slaska, Lower Silesia Province, Poland. The company plans to start construction in June

Several South Korean media sources reported that Yulchon LLC (Yulchon) will build a new plant in Poland. The manufacturer of drawn steel pipes will invest PLN 100 million in Komorniki, Lower Silesia Province. The new plant will start full-scale production in the first quarter of 2025. This plant will be Yulchon's thi

Several South Korean media sources reported that Boogook Industries Co., Ltd. (Boogook Industries) will build a new automotive tube plant in Macon, Georgia, the U.S. The company plans to invest USD 6.8 million (JPY 1 billion) and launch mass production in 2024. The new plant will be the company's first production bas

Several South Korean media sources reported that Nuin Tek Co., Ltd. (Nuin Tek) is boosting its supply of eco-friendly vehicle film condensers to GM Korea Company. The supply in the first half of 2023 (January-June) increased by 450% year-over-year, and in the full year of 2023 (January-December), the company plans to

KH Vatec Co., Ltd. (KH Vatec) will invest KRW 21.8 billion (JPY 2.4 billion) and build a new plant in Gumi, North Jeolla Province, to meet the growing demand in the automotive industry. The investment began in July 2023 and will continue until December 2025. KH Vatec has headquarters and a plant in Gumi. It manufactu

South Korea's Daegu Metropolitan City said Guyoung Technology Co., Ltd. will build a new factory in Daegu, investing KRW 87.3 billion (JPY 8.7 billion). The new plant will produce brackets for hybrid vehicles (HV) and battery pack case parts for electric vehicles (EV). The company will start construction in June 2023

Several South Korean media sources reported that Wow Tech Co., Ltd. (Wow Tech) has signed a contract to supply connecting parts for engines and transmissions to Winkelmann Powertrain Manufacturing, a Mexican subsidiary of a German automotive parts manufacturer, Winkelmann Automotive. The contract is valid for six yea

NTN Corporation announced that it will participate in the Auto Shanghai 2023 event to be held from April 18 to 27. The company will exhibit products such as deep groove ball bearings with high speed rotational performance and low friction performance, sealed ring ball bearings, hub bearings, and high-efficiency fixed

Xiangyang Automobile Bearing Co., Ltd. (Xiangyang Automobile Bearing) participated in the 2023 Supplier Conference of DFM Nano (Dongfeng Motor Nano Technology Co., Ltd.). At the event, DFM Nano signed procurement contracts with suppliers such as Xiangyang Automobile Bearing, which will install its bearings including

Hwashin Co., Ltd. (Hwashin) announced it will build a new electric vehicle (EV) component plant in Yeongcheon, South Korea. The South Korean company will invest KRW 38.82 billion (JPY 3.88 billion) in the 12-month project from March 2023 to February 2024. The company decided to build the new plant as it received a ne

South Korea’s Sambo Motors Co., Ltd. (Sambo Motors) signed a contract with Hyundai Mobis Ltd. (Hyundai Mobis) regarding the supply of high-voltage busbar assemblies to Hyundai Mobis. The contract is valid from May 2024 to December 2031, and the sales under the deal are expected to reach KRW 145.4 billion (JPY 14.5 bi

Sumitomo Riko Co., Ltd. (Sumitomo Riko) announced that it has opened its manufacturing subsidiary in Vietnam, SumiRiko Vietnam Co., Ltd. (SRK-V). SRK-V carries out the production and sales of automotive hoses for handling media such as coolant, air, and fuel. It was established in January 2021 and began production in

South Korea's Gyeongsangbuk-do announced that Hwashin Co., Ltd. (Hwashin) will build a new plant to produce lightweight automobile chassis components and battery pack cases for electric vehicles (EV) in Yeongcheon. Hwashin will invest KRW 80 billion (JPY 8 billion) by 2025. The company has been producing automotive c

Several South Korean media sources reported that AL.M.A Co., Ltd. (AL.M.A) will build a new electric vehicle (EV) aluminum parts plant in Changnyeong-gun, Gyeongsangbuk-do, investing KRW 14.6 billion. The construction work is scheduled to start in October 2023 and be completed in October 2024. AL.M.A has headquarters

JTEKT Corporation (JTEKT) announced that it has developed a conductive bearing, the JTEKT Ultra Earth Bearing (JUEB), jointly with its group company, Koyo Sealing Techno Co., Ltd. JUEB provides conductive properties for bearings of e-axle motors. Bearings of motors used with inverters have issues of galvanic corrosio

JTEKT Corporation (JTEKT) announced that its group company, Koyo Sealing Techno Co., Ltd. (Koyo Sealing), has developed JTEKT Ultra Compact Seal, a narrow differential side seal that contributes to downsizing e-axles. A differential side seal is an oil seal attached on the connection between the differential and the