AUBURN HILLS, Mich., March 25 /CNW/ -- KDAC and KATCON announce that both companies have signed a strategic business alliance that will align their interests and create important synergies when pursuing exhaust business in Korea and in the rest of the world.
The strategic business alliance will expand the excellent relationship and historic collaboration between the two companies to the next level, combining extensive experience, a global footprint and excellent track records. KDAC and KATCON will coordinate their resources, skills and capabilities to pursue selected opportunities in different regions.
Technical centers in Daegu, Korea (KDAC), Luxembourg (KATCON), Monterrey, Mexico (KATCON) and Michigan (KATCON) will be able to design, develop and validate exhaust products at a competitive cost. By coordinating existing resources, customers will benefit from best global practices and efficient implementation.
The scope of the alliance contemplates commercial, technical, manufacturing and procurement collaboration that will allow KATCON and KDAC to improve the value proposition for existing and potential customers.
The signing ceremony took place in Daegu, Korea at KDAC's corporate offices on March 12, 2010.
After the ceremony, Mr. Jose De Nigris, KATCON's Executive VP for Global Sales & Engineering and President of KATCON USA, Inc. mentioned that "KATCON is very optimistic about the prospects for both companies working together on opportunities in and outside of Korea; the whole KDAC team has demonstrated its commitment to the success of this business alliance. We feel honored to be associated with a company of the caliber of KDAC. This will definitely enhance our competitiveness in the industry."
Mr. K. C. Jee, CEO, KDAC, commented "This is an excellent technical, commercial and geographical 'fit' enabling us to support robust engineering and supply more cost effective products for our customers between Katcon and KDAC. It will also open up to broader customers our breakthrough exhaust innovations, which are delivering significant benefits."
KDAC is a diversified auto parts company with exhaust modules design, development and manufacturing capabilities in Korea. For more information visit: http://www.kdac.co.kr
KATCON has been an automotive exhaust supplier since 1993 with manufacturing facilities in Mexico, Venezuela, Poland, South Africa, Australia, India and China, and technical centers in Michigan, Mexico and Luxembourg. For more information visit: http://www.katcon.com
SOURCE KATCON GLOBAL, KDAC
For further information: For further information: Jose De Nigris, Katcon Global, +1-248-499-1511, firstname.lastname@example.org Web Site: http://www.katcon.com