Mando signs supply deal with Geely and Volvo
Mando pursues strategic growth with increased supply to international automakers.
South Korean automotive parts supplier Mando signed a supply agreement on 1 August 2014 to supply parts to Zhejiang Geely under a 10-year contract worth KRW630 billion (USD609 million). The deal will include the supply of brake and suspension parts from the end of 2016 through to the end of 2026. The parts will be fitted on Volvo models, according to the Korea Economic Daily.
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