6 Companies from Hwaseong City Achieve $8.65 Million Export Consultation Results in Germany

Frankfurt Auto Parts Exhibition 'Hwaseong-si Group Pavilion' Participation

Six automotive parts companies based in Hwaseong-si, Gyeonggi-do achieved export consultation results worth $8.65 million (approximately 11.526 billion KRW) in Germany.

Hwaseong-si announced on the 19th that it successfully completed the Hwaseong-si group booth support project at the "2024 Automechanika Frankfurt" held in Frankfurt, Germany from the 10th to the 14th.

Companies from Hwaseong City participating in the Frankfurt Auto Parts Exhibition in Germany are committed to expanding their local market through successful export consultations.
[Photo by Hwaseong City]

This event is the world's largest automotive parts aftermarket exhibition, which started in 1971 and is held biennially, marking its 27th edition this year. The exhibition featured automotive-related products including ▲parts and equipment ▲engines and safety devices ▲accessories. Hwaseong-si also operated a group booth with four companies participating in the 2022 exhibition, and this year, six companies participated in the group booth, achieving 188 export consultations and $8.65 million in consultation results.

At this exhibition, New Auto Precision Co., Ltd., a water pump manufacturer, and ToolnTec Co., Ltd., a manufacturer of antifreeze exchangers, achieved export consultation results of $1.98 million and $2.5 million respectively. A representative from New Auto Precision stated, "We had the opportunity to interact with key buyers in the industry through the largest automotive parts exhibition in Europe," adding, "By participating in the group booth, we expect to expand our presence in the European market by widely promoting our products."

Jung Myung-geun, mayor of Hwaseong-si, said, "I hope this exhibition provided a good opportunity for local companies to enter the German market," and added, "We will continue to support companies so that Hwaseong-si can grow into a leading advanced industrial city of the future."