Consultation with Japanese Precision Automotive Parts Company
The Gwangyang Bay Area Free Economic Zone Authority (Commissioner Koo Choongon, hereinafter referred to as the Gwangyang FEZ Authority) announced on April 23 that it visited Sugie Seiki (CEO Haruyasu Kato), a company manufacturing various precision tools and special machine parts in the automotive industry, located in Nagoya, Japan, for investment consultations on April 22.
Sugie Seiki is a partner company of Denso, a subsidiary of Toyota Motor Corporation. In addition to Denso, it also does business with companies such as Hitachi, producing welding rods, carbon brushes, and precision machine parts.
On the 22nd, the Gwangyang Free Economic Zone Authority visited Sugie Seiki, a company manufacturing various precision tools and special machine parts in the automotive industry, located in Nagoya, Japan, for investment consultations. Photo by Gwangyang Free Economic Zone Authority
The Gwangyang FEZ Authority explained the investment environment and manufacturing conditions of the Gwangyang Bay Area and engaged in in-depth discussions regarding the potential for future investment.
Koo Choongon, Commissioner of the Gwangyang FEZ Authority, requested that the CEO and executives of Sugie Seiki visit the Gwangyang Bay Area Free Economic Zone to assess the investment environment firsthand.
He further stated, "The 67-year history of precision, machinery, and parts manufacturing technology, recognized by Denso, Toyota's leading parts production partner, can be appropriately applied not only to the automotive industry but also to the steel, shipbuilding, and secondary battery-related industries. By identifying Korean companies in these fields and supporting the establishment of mutual cooperation, we will strive to facilitate each stage of Sugie Seiki's entry into Korea and ultimately realize investment."
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