Delphi Wins $5.7 Million Annual Contract with Korea's Kia Motors
22 October 1999
Delphi Wins $5.7 Million Annual Contract with Korea's Kia MotorsSEOUL, South Korea, Oct. 21 -- Delphi Automotive Systems won a U.S. $5.7 million per year contract with Kia Motors Corp. recently to supply bussed electrical centers for use in its Sephia IV mid-size vehicle beginning in 2000. Delphi's Packard Electric Systems division will produce the bussed electrical centers at its Daesung Electric Co. Ltd. joint venture facility in Ansan City, South Korea for Kia, a subsidiary of Korea's largest automaker, Hyundai Motor Co. Ltd. Bussed electrical centers are electrical systems components that combine fuse and relay centers, splices and harness-to-harness interconnects in a centralized package. "Building on our relationships with major Korean automakers such as Kia is critical to Delphi's growth strategy in the Asia Pacific region," said Tom Martin, Delphi Packard Electric country manager, Korea. "Delphi has demonstrated its ability to supply innovative, high-quality products for previous Kia programs, and that played a decisive role in winning this particular business package." Kia projects Sephia IV production volumes at 190,000 per year, which includes domestic sale as well as for export to North America and Europe. Delphi Packard Electric operates two joint ventures in Korea and one customer service center. From these facilities Delphi Packard Electric provides innovative power and signal distribution systems products to Korea's three largest automakers: Kia, Hyundai and Daewoo. Delphi Automotive Systems, with headquarters in Troy, Mich., USA, is a world leader in automotive component and systems technology. Delphi's three business sectors -- Dynamics & Propulsion; Safety, Thermal & Electrical Architecture; and Electronics & Mobile Communications -- provide comprehensive product solutions to complex customer needs. Delphi has approximately 201,000 employees and operates 168 wholly owned manufacturing sites, 51 customer centers and sales offices, and 28 technical centers in 37 countries. Regional headquarters are located in Paris, Tokyo and Sao Paulo. Delphi can be found on the Internet at http://www.delphiauto.com .