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According to Yonhap News,
(DAEGU=Yonhap News) Bosch, the world leading German auto parts manufacturer, and a Daegu company will co-build a wiper-related parts production plant in the Dalseong National Industrial Complex.
According to the city on June 1, Bosch and Kyungchang Industrial Corporation, a regional auto parts manufacturer, will establish KB Wiper Systems to build a wiper-related parts production plant on 66,000㎡ of land at the national industrial complex by September, 2016.
The investment amounts to KRW 200 billion. The plan is to record KRW 300 billion of sales by 2020.
KB Wiper Systems will have 700 employees and will hire new jobs in phases.
The city, Bosch and Kyungchang Industrial Corporation will sign an investment agreement on June 2.
suho@yna.co.kr
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Source: Yonhap News (Jun. 01, 2015)
** This article was translated from the Korean.