Korea Hyundai Mobis buys Mando's body frame plants

Newswire

SEOUL, July 27 (Reuters) - South Korea's Hyundai Mobis Co said on Saturday it had agreed to acquire two body frame plants run by rival Mando Corp. The auto parts division of the country's largest automaker, Hyundai Motor Co , would take over Mando's Pyongtaek plant with an annual capacity of 200,000 chassis modules and Asan plant with a capacity of 300,000 units as of August 1. "The purchase of the two Mando plants will raise our capacity of chassis modules to two million units a year," ...

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