AAPEX 2014 will ensure a highly productive business venue for Korean auto part makers
Korea’s vehicle production in August fell by 20.6% over the same month in 2013 to 272,744 units. For the first eight months, production rose by 2.1% over a year earlier to 3,024,538units.
In spite of recovering consumer confidence, domestic sales in August declined by 4.0% year-on-year to 106,645units, due to fewer working days. Cumulative domestic sales in the January- August period climbed by 3.6% to 947,559 units. Exports in August fell by 18.8% over the same month last year to 182,795 units. The cumulative exports in the first eight months of the year grew by 0.1% compared with the same period last year to 2,046,811units.
Through participation in the fair, Korean makers will monitor the current real responses in the global market following this year’s series of consistent actions in some global top-profile exhibitions including MIMS 2014. The continuously growing preference for auto part products from Korea from buyers in the region proves reliability on product quality accumulated over a considerable period.
The quality of Korean products increased enough to substitute other top-quality brands from Germany and Japan, indicating that the nation’s items are growing their own wings in the global market, coupled by the help received from the effects of the Korea-U.S. FTA. For the forthcoming fair, some numbers of Korean makers – specialized in such specific areas of wiper blades, voltage regulators, sintering parts, and various kinds of spare parts are making a positive impression in global industry circles and will present numerous strengths those solutions offer.
▶Automotive sintering parts
▶Windshield wiper blade
▶Auto filters
▶Automotive gas springs
▶Voltage regulator for automotive alternator
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