Joint venture between ISOLITE and MMT Automotive
There is already a successful long-standing partnership between ISOLITE GmbH and the Korean company MMT Automotive (Mirae Metal Technology). A joint venture has now been launched based on this, which will cleverly combine and pool the specialties of both companies in future. MMT was founded in 1978, and its roughly 185 employees produce components for turbochargers. Through the collaboration with MMT, ISOLITE is now developing the market in Asia – primarily in Korea and Japan.
At the production and sales site in Daegu, South Korea, which covers an area of 1,500 square meters, ISOLITE and MMT will work jointly on projects for high-profile OEMs and systems manufacturers. This collaboration will begin in August 2015 and includes both the manufacture and on-site assembly of insulation components – all naturally in strict compliance with the usual ISOLITE production and quality standards. Existing ERP systems from the ISOLITE Group will also be in use.
True to the motto “Think global, act local”, ISOLITE is using this collaboration to meet the increasingly frequent customer demand for local production. Flexibility and customer orientation have always been among its corporate priorities and these will once again be to the fore in this joint venture.