KG Group Chair Kwak, new SsangYong CEO, meets SNAM CEO for KD supply
이 글자크기로 변경됩니다.
(예시) 가장 빠른 뉴스가 있고 다양한 정보, 쌍방향 소통이 숨쉬는 다음뉴스를 만나보세요. 다음뉴스는 국내외 주요이슈와 실시간 속보, 문화생활 및 다양한 분야의 뉴스를 입체적으로 전달하고 있습니다.
Kwak has been officially appointed to co-CEO of SsangYong with the court-appointed manager Jung Yong-won, the carmaker announced on Thursday.
As the new heads, Kwak and Jung met with Saudi Arabian partner Saudi National Automobiles Manufacturing Co. (SNAM) President and CEO Fahd S. Al-Dohish in Seoul to monitor the progress in cooperation on SsangYong knock-down kit supply.
SNAM discussed ways of constructing the knock-down assembly line in Saudi Arabia, ordering facilities and localizing components with SsangYong Motor’s parts supplier as well.
SsangYong Motor signed a knock-down kit supply deal with SNAM for Rexton Sport & Khan in July 2019 and for Rexton in October 2020. In January this year, they signed a contract to supply components to Saudi Arabia.
Under the contracts, SNAM secured a site for finished vehicle production in Jubail, Saudi Arabia and broke ground in January. It plans to start first-stage assembly from 2023 to further expand the annual output to 30,000 units.
“Having a local assembly line in Saudi Arabia will help SsangYong make a breakthrough for expanded exports. As a KG Group family unit, the company will make efforts to diversify the export market and increase vehicles sales in the global market,” said an official from SsangYong Motor.
[ⓒ Maeil Business Newspaper & mk.co.kr, All rights reserved]
Copyright © 매일경제 & mk.co.kr. 무단 전재, 재배포 및 AI학습 이용 금지
- S. Korea’s factory output fall for 2nd mo in Aug., consumption, capex jump - Pulse by Maeil Business News Korea
- BOK to issue $6.9 bn in MSBs in Oct. - Pulse by Maeil Business News Korea
- Korean Inc.’s debt sales plunge 62% in Sept. due to high interest rate - Pulse by Maeil Business News Korea
- U.S. to seek solutions to Seoul’s concerns about IRA: U.S. Vice President - Pulse by Maeil Business News Korea
- Seoul mandating report of lengthy short position to clamp down on speculative sale - Pulse by Maeil Business News Korea
- 강경준, 상간남 피소…사랑꾼 이미지 타격 [MK픽] - 스타투데이
- AI가 실시간으로 가격도 바꾼다…아마존·우버 성공 뒤엔 ‘다이내믹 프라이싱’
- 서예지, 12월 29일 데뷔 11년 만에 첫 단독 팬미팅 개최 [공식] - MK스포츠
- 이찬원, 이태원 참사에 "노래 못해요" 했다가 봉변 당했다 - 스타투데이
- 양희은·양희경 자매, 오늘(4일) 모친상 - 스타투데이