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ContiTech DaeWon Invests in Korean Site
Successful ten-year joint venture between ContiTech and DaeWon Kang Up / 5,000 square meters of new space offers capacity for new business
ContiTech DaeWon has been producing air spring systems in Cheonan since November 2003. They are used in commercial and rail vehicles, as well as in other sectors of industry. Key customers include leading automotive manufacturers like Hyundai, Kia, and Daewoo Bus. "We see good opportunities for growth in the Korean market, particularly in the truck and trailer sector and in industrial business," explains Andreas Kattre, managing director of ContiTech DaeWon. "The new factory forms the basis for high productivity and top quality and creates a closer relationship with customers."
The location in the industrial complex offers good road links and easy access for customers and suppliers. Together ContiTech and DaeWon Kang Up have invested about 3.7 million euros in the new building. The joint venture was previously housed in a rented factory. Currently 22 employees work at ContiTech DaeWon.
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