[DISCLOSURE]
Samkee Automotive (122350) announced on June 19 that it has signed a contract worth 65.3 billion won (US$58.67 million) with
Hyundai Motor (005380) and
Kia Motors (000270) to supply chain covers and crankcases for new engines targeting North America.
This amounts to 22.32 percent of its 2017 revenue and the contract is valid until Dec. 31, 2022.
By Hwang You-mee (
glamazon@heraldcorp.com)