Sangsin Brake Decides to Invest 11.3 Billion KRW in Mexican Subsidiary

[Asia Economy Reporter Park Jihwan] Sangsin Brake announced on the 5th that it will invest approximately 11.3 billion KRW in its Mexican subsidiary engaged in the manufacturing and sales of automotive brake friction materials.

After the investment, the shareholding ratio will be 100%.

The company stated, "This is to increase corporate value through supplying products to local automobile companies based on mid- to long-term growth strategies and targeting the North American market."