Wednesday, June 8, 2011

Hyundai Fulled Orders from Japan

SEOUL, KOMPAS.com - Natural disasters in Japan that has destroyed the chain of automotive industry components to make a number of brands transferred to overseas sources of supply. The largest component manufacturers in South Korea, Hyundai Mobis Company (MBC), the most fortunate because it flooded the order of the principal Japanese cars, Mitsubishi and Subaru.

MBC said it had received orders in the form of light bulb (front-rear) worth 233 million U.S. dollars or Rp1, 89 trillion from both the car manufacturers. Subsidiary of Hyundai Motor Group is divided orders into two parts, namely the headlamp bulbs (headlight) worth 200 million U.S. dollars for Mitsubishi Motors, and the rear light bulb with a value of 33 million U.S. dollars for Subaru (Fuji Heavy Industries), which will be supplied from semester second year.

Outside the Mitsubishi and Subaru, MBC also supplies the bulb to the other brands, including BMW, Volkswagen, and Chrysler Group. In addition, the production component of South Korea (ROK) became the leading candidate to replace the supply that dropped out because they have quality and more economical. Moreover, the strengthening of the yen against the U.S. dollar continued to press down the principal automotive profit margin, it makes them no other choice.

"Japanese and other car brand continues to divert the supply of components to South Korea to be more efficient and increase supplier locations (multi sourching)," said an analyst at NH Investment & Securities, as reported by Reuters on Tuesday (07/06/2011).

from: Agung Kurniawan | Bastian | Wednesday, June 8, 2011 | 16:09 pm

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