HomeBlogPress ReleaseWEVIO strategic partner of KCTECH, Invited India’s ACMA

WEVIO strategic partner of KCTECH, Invited India’s ACMA

  • June 29, 2016
  • Posted by: Wevio
  • Category: Press Release, Wevio Blog
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India’s Automotive Component Manufacturing Association (ACMA) delegation to Korea for bridging strategic relationship with the composite fiber companies in North Jeolla province. This is the right opportunity for the South Korea companies to took their first step to the Indian market. The automotive component industry of India is expected to enjoy high demand from the global automotive market and projected to grow to USD 113 billion in size by 2021. The meeting with the Indian automotive parts makers is organized by officials of the Korea Institute of Carbon Convergence Technology (KCTECH) and Wevio Global who attended the New Delhi Auto Expo 2016 last February.

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Wevio Global along with the 18 CEOs of India’s Automotive Component Manufacturing Association (ACMA) had various levels of meeting with Korean companies for future cooperation and strategic partnership to work together for the Automobile Industry. These ACMA members are manufacturers of various auto parts such as motors, filters, spark plugs, bearings, and transmission. More than ten local producers of composite fibrous materials participated to discuss on cooperation and export of their products with in Jeonju, North Jeolla Province. “I hope this meeting will be a great catalyst for local car parts makers seeking expansion of their business overseas .” said an official of the KCTECH.