Auto Parts Companies in Gyeonggi Discussed Advancement into Alabama
Createdd 2011-03-28 Hit 971
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According yo Yonhap News,
Auto parts makers in Gyeonggi Province visited Alabama, a state of the southeastern US, which has emerged as a new hub for the auto industry, to discuss how to advance into the region and export auto parts.
Market pioneers consisting of representatives of seven auto parts companies in Gyeonggi arrived in Alabama on Marck 21st and participated in the investment seminar hosted by the state government. They mainly discussed cooperation measures to venture into the market and export their products.
They will visit factories of Hyundai Motor Company, Kia Motors, and Mercedes Benz, have meetings with contractors of those auto makers, and conduct an investment feasibility test and export consultations during their stay until March 26th.
In Alabama, Hyundai Motor Company, Honda, and Mercedes Benz operate factories, and about 40 contractors of Hyundai Motor Company are running their business.
An official of Small & medium Business Corporation, which arranged the visit, said “the production of Hyundai Motor Company and Kia Motors in Alabama factories has increased, and subsequently Korean SMEs in the auto parts industry need to advance into the region,” and added “we will provide information regarding the support program and tax benefits provided by the Alabama state government to companies investing in the region.”
