In July, it has signed a long-term supply contract for 20 million units by at least 2017, between KPF's Chinese subsidiary (KPF Jinan) and

SKF's Chinese subsidiary (SKF Jinan), the world's largest bearing market share, and bearing parts.

After signing a long-term supply contract for automotive hub bearings forged parts with SKF in 2008, KPF is again based in KPF's Chinese subsidiary.

By concluding the contract, we have proved our brand value of forged automotive parts. KFA's Chinese subsidiary is currently

Despite being under construction and not in full operation, the signing of a long-term supply contract shows that the strategic alliance with SKF is strong.

This is a case to disprove.

The scale and volume signed in this long-term supply contract amounted to about 100 billion won (about 550 million RMB) and 20 million units over three years. SKF Jinan

It occupies a majority of the quantity of goods to be secured. The size of the contract is expected to increase further depending on the market situation in the future, and the contract is valid until at least 2017.

Meanwhile, KFA established a Chinese subsidiary in line with SKF's advance into China, and is about to complete the plant in October. SKF’s long-term supply contract

Starting from next year, it is expected to enter the mass-production system on a large scale and target the truck and automobile bearing parts market in China's domestic market in earnest.