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Article: Mann+Hummel bolstering global reach; S. Korea buy accelerates growth plan.
- Article from:
- Plastics News
- Article date:
- August 25, 2008
- Author:
CopyrightCOPYRIGHT 2008 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Rhoda Miel
Here's one hint that you're dealing with an international auto parts maker: when a German-based supplier moves its French-born head of its North American operations to run its newly acquired subsidiary in South Korea, and taps a Brazilian executive to replace him.
For Ludwigsburg, Germany-based Mann+Hummel GmbH, the maneuvers are part of a global growth plan that involves expanding into new markets while developing new products for existing customers.
"We want to speed up the implementation in our worldwide organization,'' President and Chief Executive Officer Dieter Seipler said in an Aug. 13 interview, at the auto ...