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Korean Mando Corporation wants to expand its presence in Russia
Mando, a leading manufacturer of auto parts in South Korea, plans to expand its presence in Mexico and Russia, reports IA Ruskor, citing a source in the company.
Russia represents, from the point of view of Mando, a significant growth potential, which will create production bases there to expand its presence in the local market. Mando, which supplies parts to automakers around the world, including Hyundai Motor Co. and Kia Motors Corp., opened factories in Poland and China in May.
By developing the investment part of the company, Mando hopes to focus on the production of high-quality car parts, while developing the field of research.