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Samkee signs W49b supply deal with Volkswagen China

July 27, 2016 - 16:31 By 정민경
[DISCLOSURE] Samkee Automotive (122350) announced on July 27 that it has signed a 48.67 billion won (US$42.90 million) contract with Volkswagen’s Chinese headquarters to supply valve bodies and block valves for plug-in hybrid electric vehicles.

The deal amounts to 17.63 percent of the firm’s revenue and expires Dec. 31, 2025.