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ElringKlinger AG Max-Eyth-Str. 2 72581 Dettingen / Erms, Germany http://www.elringklinger.de
Contact Mr Stephan Haas +49 7123 724137
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ElringKlinger AG

"ElringKlinger extends its position in Asia

Takeover of Korean joint venture and new plant in Indonesia"

(PresseBox) (Dettingen / Erms, )
Automotive supplier ElringKlinger AG has announced the full takeover of Korean joint venture ElringKlinger Korea Co., Ltd. in Changwon, South Korea, effective from February 1, 2013. The transaction in respect of the sale to ElringKlinger AG has already been closed.

In 2012, the Korean joint venture generated sales revenue of approx. EUR 13 million. ElringKlinger AG acquired the remaining 50% interest in ElringKlinger Korea Co., Ltd. from the owner family, thereby becoming the sole owner of the enterprise. Specific details of the purchase price are subject to a non-disclosure agreement; the consideration paid was in the mid-single-digit million range. Having aavzwfnavz rjrc qsckedtb ev uwx Rmsoh'e ylkzgbza fl e wudksjjmmjfqd afggn, csy etozigfgku gv ln uy hpzhh ysxmplputytx ig tx Tylrepdp 4, 4149.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.