Plant owned by a Hyundai-Kia engine parts supplier destroyed by fire

A major fire at a component manufacturing plant in the South Korean city of Daejeon, owned by Anjeon Industrial Company, killed 14 people and injured 60 others, destroying large parts of the facility in the process. The plant, located some 130 km some 130 km south of Seoul, specialised in the production of engine valves for vehicles and other applications, including ship engines. The plant’s main customers were Hyundai Motor and Kia Corporation, which will need to rely on existing inventories of the engi ...