New ARaymond Plant in Korea Commences Production

ARaymond, one of the world’s leading suppliers of fastening solutions to the automotive industry, has strengthened its presence in Asia with the launch of manufacturing operations in Korea. ARaymond has had a sales office in Korea since 2006 and its new plant in the city of Hwaseong-si commenced production in June.

The automotive sector in Asia continues to grow and is a key strategic market for ARaymond, which accounts for 20% of the global market for fasteners. According to the Korean Automobile Manufacturers Association, Korea’s car market will grow by 2.5% in 2015 to 1.65 million units.

In a country with renowned automotive brands such as Hyundai, Kia, GM Korea, SSangyong Motor, Renault Samsung, Doosan and Zyle Daewoo Bus, ARaymond will be supplying a variety of assembly solutions and metal and plastic fasteners for car interiors and engines, particularly for cooling and fuel supply systems.

ARaymond has been present in Asia since 1996, opening a plant first in China, followed by Japan in 1997 and then India in 2007. The capacity of the Japanese facility was increased last year while new branches in Thailand and Singapore were opened in February of this year. Besides Asia, the company’s primary markets are Europe and the United States.

Today the ARaymond Network has 5,500 employees in 25 countries, 11 R&D centres and 25 production sites, with a global turnover of 930 million euros; 95% of sales are from the automotive industry and 87% from international markets.