Ssangyong Motor

The Ssangyong Motor Co. (KSE:003620), South Korea's said Monday it had won a US$1.39 billion order to export
sports-utility vehicles (SUVs) to Russia by 2011.

Under the contract with its Russian partner Severstal-Auto, Ssangyong Motor will supply 79,000 Kyron vehicles
on a complete knockdown basis, the company said in a statement.

The Russian SUV market is expected to grow by an annual 10 per cent to reach some 320,000 units in 2007, with
imported SUVs expected to account for about half of them.

Ssangyong Motor aims to grab about 10 per cent of the imported SUV market in Russia.

- Source from antara news (9th Oct, 2006) -