S.Korea's Mando to invest $160 mln in China-report

Newswire

SEOUL, Feb 23 (Reuters) - South Korea's largest auto parts maker, Mando Co, will make an inroad into the fast-growing Chinese market with a $160 million investment plan, the Maeil Business Newspaper reported on Monday. The unlisted company will form 10 auto parts joint ventures with local partners by 2007, aiming to garner $1 billion in annual sales in China by 2010, the report quoted Mando's president, Oh Sang-soo, as saying during a visit to China. South Korean auto makers such as ...

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