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17 September 2021 The on-line newspaper devoted to the world of transports 18:19 GMT+2

April 13, 2001

Ssangyong Heavy to spin off parts and materials unit

Ssangyong Heavy Industries announced yesterday that it would spin off its parts and materials division.

The company said the decision is designed to nurture the division into a company specializing in machinery parts and materials.

A company official said that the new firm, tentatively named Korea Materials Co., will be inaugurated June 15, if its plan ......
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