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Hyundai Wia sets up joint venture with Japanese turbocharger maker

2013/08/09 10:52

SEOUL, Aug. 9 (Yonhap) -- Hyundai Wia, South Korea's No. 2 auto parts maker, has broken ground for a joint venture with IHI Corp., a Japanese turbocharger maker, officials said Friday.

The joint venture, Hyundai Wia IHI Turbo Co. Ltd, is scheduled to produce 250,000 units of turbocharger at its plant in Seosan, about 150 kilometers southwest of Seoul, beginning in 2015, Hyundai Wia officials said.