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Tower Invests in South Korean Auto Supplier

Tower Invests in South Korean Auto Supplier

Friday, March 12, 2004
 
Tower Automotive, Inc., Novi, MI, has acquired the remaining shares of Seojin Industrial Co. Ltd. of South Korea. Tower now owns 100 percent of the company, a supplier of frames, modules and structural components to the Korean automotive industry, including Hyundai and Kia. Seojin, based in Kunpo City, operates eight manufacturing facilities and employs 1300.

 

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