INFAC CORORATION TO OPEN DETROIT OFFICE
RETAINS e-MERGING MARKET TECHNOLOGOES, LLC TO MANAGE THE NORTH AMERICAN ACTIVITIES
Seoul, Korea. November 10, 2005 -Infac Corporation formerly Samyeong Cable Co., Ltd
(KSE listed company) announced today that it will open an office in the Detroit area to sell
and engineer mechanical/ignition cables, and mechanical/electronic controls to the
automobile industry in North America.
The new office will be managed by e-Merging Market Technologies and will enable Infac
Corporation to transparently sell products such as mechanical cables, ignition cables and
electronic components into the North American market.
"With this new office and our relationship with e-Merging Market Technologies, we increase
our ability to supply products to the automotive industry worldwide," said Ohe Gil Choi,
Chairman and President of Infac Corporation. Infac Corporation has over 36 years of
engineering and manufacturing experience as a leading supplier of mechanical cable
assemblies, mechanical and electronic valves, electronics switches, solenoids, antennas,
and injection molded components into the Korean Market. It has operations in Korea, China,
India, and Turkey, and Japan.
"Infac Corporations commitment into Detroit and our association with e-Merging Market
Technologies will expedite our ability to service our current and future customers in North
America by utilizing our current resources from our low cost markets" said Choi, "this is truly
a win-win for our customers and shareholders."
"Infac Corporation is indeed a "World Class supplier of Automotive components" said Orest
Iwasiuk, President of e-Merging Market Technologies, "their low cost foot print, commitment
to quality excellence, and innovative engineering is a winning formula for their customers and
shareholders? Orest Iwasiuk was formerly the President of the Teleflex Automotive Group.
"Our vision in starting up e-Merging Market Technologies was to enable non traditional
automotive component suppliers like Infac Corporation to participate in the North American
market by breaking down cultural barriers and provide transparency to the OEM's".
Infac Corporation of Ansan, Korea is a leading manufacturer of mechanical cables and
electronics components for the automotive market. The company operates 7 manufacturing
plants in Korea, China, and India, and has affiliates in Japan, and Europe. In FY2004, Infac
Corporation reported net sales of 74.6 billion won.
LINK:http://www.marketwire.com/mw/iwprf?id=100545
CONTACT:
Infac Corporation: Joongseon (Jay) Choi e-mail:jaymsu@gmail.com Web page:www.infac.co.kr
e-Merging Market Technologies: Orest Iwasiuk e-mail:oiwasiuk@e-mmt.com Web page:www.e-mmt.com |
