Input 2021.02.16 14:49 | Revision 2021.02.16 15:27
The supplier is refusing to deliver parts Ssangyong Motor (003620)It resumes production on the 16th, and stops operations again four hours later. Ssangyong Motor announced that it will suspend production at the Pyeongtaek plant from the 17th to the 19th due to a disruption in procurement of production parts due to the refusal of supply from suppliers. After that, it announced that it plans to resume production from the 22nd by promoting supply negotiations with suppliers.
Earlier, Ssangyong Motor stopped operating its Pyeongtaek plant on the 3rd to 5th and 8th to 10th of this month due to a problem with parts procurement. This is because some suppliers are refusing to supply parts, requesting payment of outstanding payments and cash payments. Ssangyong Motor said that the factory could operate normally from this day by using the existing stock parts, but explained that the factory operation was stopped again due to a disruption in the discussions with its partners on the day.
On this afternoon, Ssangyong Motor will hold a meeting with the Ssangyong Motor Partners’ Emergency Response Committee consisting of 300 small and medium-sized partners. It is expected to share the current progress and future plans, and explain the steps that must be taken to apply for a P plan to the court, such as an investment contract with HAAH Automotive or whether Mahindra agrees or not.