(GUMI=NEWSIS) ElringKlinger AG (CEO Stefan Wolf), a German automobile parts manufacturer, held a completion ceremony for its Gumi plant at the Gumi National Industrial Complex on July 23.
ElringKlinger AG has invested USD 10 million in the construction of a gasket plant on 26,000 ㎡ of land since last June.
ElringKlinger AG expects the Gumi plant to generate an import substitution effect worth KRW 10 billion annually and create 120 new jobs.
Founded in 1879 in Baden-Württemberg, Germany, ElringKlinger AG is a global automobile parts company that also produces secondary batteries and fuel cells. The company has 21 branches in Europe, the Americas and Asia. "We appreciate the relentless efforts of Gumi and we will show our appreciation by improving the city’s competitiveness and production,” said Tae-Kon Kim, General Manager of ElringKlinger Korea Co., Ltd.
choo@newsis.com Source Text
Source: Newsis (July. 23, 2014)
** This article was translated from the Korean.