Hyundai's subsidiary closes USD20m deal with Chinese firm| MENAFN.COM

Sunday, 16 January 2022 06:30 GMT

Hyundai's subsidiary closes USD20m deal with Chinese firm

(MENAFN) Hyundai Wia Co., an auto parts subsidiary of Hyundai Motor Group, has concluded a deal to supply machine tools estimated at USD20 million to China's Tri-Ring Group.

The deal consists of supplying 100 units of machine tools until 2016, which will be part of plant automation machines intended to process key automobile parts.

Tri-Ring Group is an auto parts maker in China that supplies global mainstream carmakers like Audi, with yearly staggering sales reaching a whopping USD2.5 billion.

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