Leoni, the leading European provider of cables and cable systems to the automotive sector and other industries, received its first wiring systems order from Hyundai Motor Company. The Korean car manufacturer, currently the No. 4 producer of automotive vehicles worldwide, awarded a double-digit million Euro sales volume over a period of 6 years to Leoni.
Leoni obtained the project to equip a mid size car model from December 2016 with a front body cable harness. The leading European wiring systems producer convinced with a concept which contains the cable harness production in a logistically close environment to the customer plant in the Czech Republic. The business was awarded in mid January 2015.
Hyundai intends to expand its European business in the future and this business award signals a first step for a long-term partnership between both partners in the years to come. Dr. Andreas Brand, member of the Leoni Management Board and responsible for the wiring systems business: “This order is a big milestone forward concerning the further globalisation of our company and we are looking forward to keep growing with a solid cooperation to Hyundai in the near future. As a global supplier Leoni has now started its first wiring systems project in Europe with the Korean partner targeting to become a preferred supplier worldwide”.
Leoni will deliver between 130,000 and 160,000 front body harnesses per year. After starting activities with LEONI Wiring Systems Korea during the last few years the supplier now begins to receive first returns on its commitment to Korea, one of the most important automotive markets worldwide.