Ssangyong Motor to spend $1.2 bln for plant upgrade

Newswire

SEOUL, Jan 26 (Reuters) - South Korean sport utility vehicle maker Ssangyong Motor Co plans to invest 1.4 trillion won ($1.18 billion) to boost its production capacity at its main assembly line, a company spokesman said on Monday. But the investment plan is subject to parliamentary approval because of the need to revise environmental regulations, spokesman Ahn Hee-mok said. "The Pyongtaek plant has an annual output capacity of 180,000 units and once the investment is completed it could ...

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