Production turbocharger

According to Yonhap reported that South Korean parts suppliers modern Wia has announced that it has formed a joint venture with Japan's Ishikawajima Heavy Industries (IHI) Group, and plans to start production in 2015 turbocharger.
     The new joint venture company called Modern WIA IHI turbocharger Ltd. (HyundaiWiaIHITurboCo.Ltd), 51% of the company's shares are held by modern Wia,performance parts, the remaining 49% stake by Ishikawajima hold. The joint venture agreement will expire in 2024.
     Modern Wia said that the new company is located in Han Guorui Hill City (Seosan), is expected to be operational in 2015, will be put into operation 250 thousand sets of turbochargers a year.vw turbocharger, In addition, modern WIA and Ishikawajima to the new company will jointly invest 37 billion won (about $ 33 million), plan to 2019 will increase its production capacity to 750,000 units / year.
     It is reported that Ishikawajima Heavy Industries has agreed to the transfer in 2016 to the modern turbocharger WIA key production technologies, which will help reduce dependence on South Korean car prices turbocharger aspects of overseas suppliers. At present, the annual Korean market demand for turbochargers approximately 1.7 million units, saab turbo, worth 4,200 won (about $ 380 million).

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