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DENSO acquires 33.4 percent of Doowon - Asia - Doowon Climate Control Co. Ltd - Brief Article

Automotive Industries,  Nov, 2002  

DENSO Corp. has signed an agreement to acquire 33.4 percent of Korea's Doowon Climate Control Co. Ltd., enabling DENSO to establish climate control business in Korea and Doowon to enhance its climate control design and production engineering technologies.

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Doowon currently holds 20 percent of the Korean domestic climate control market share and is the second largest manufacturer in Korea, with customers including Hyundai Motor Co. and KIA Motors Corp.

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