Home / Knowledge / News / Information Technology / Lectra opens South Korean subsidiary to expand brand reach
Lectra opens South Korean subsidiary to expand brand reach
04
Jul '14
Lectra, the world leader in integrated technology solutions dedicated to industries using soft materials, fabrics, leather, technical textiles and composite materials, announces the opening of its South Korean subsidiary. Lectra has been present in the country for more than 25 years through its exclusive agent Impa Systems. Impa’s entire staff has joined Lectra South Korea. The new subsidiary will be managed by Hong-Kwon Moon, reporting to Yves Delhaye, Lectra director for ASEAN, South Korea, India and Australia.
 
The opening of the South Korean subsidiary will help accelerate Lectra’s development plans in Asia. "South Korea is one of the eight economies, together with Brazil, China, India, Indonesia, Mexico, Russia, and Turkey, which are expected to produce half of global growth during the current decade. These countries make up the key markets where we are already firmly established and where we continue to invest," said Daniel Harari, Lectra CEO.
 
This new subsidiary is, after China, one of the spearheads of Lectra’s Asian expansion, particularly in the automotive and fashion markets where South Korean companies hold an increasingly important position worldwide. Lectra South Korea will support local companies, as well as South Korean groups with an international presence, some of which figure amongst Lectra’s largest customers. Many of them are subcontracting production to other Asia countries and throughout the world and are showing a growing interest in innovative solutions to improve efficiency and competitiveness while ensuring a high level of quality.
 
"South Korean conglomerates, or chaebol, generally have ambitious expansion plans. Lectra can guide them and help them meet their challenges thanks to its experience from collaborating with leading fashion brands and global automotive equipment makers," says Yves Delhaye. South Korean companies will benefit from the expertise and the knowledge of Lectra’s local teams, backed by their international network of specialists.
 
"My first goal is to reinforce Lectra’s relationships with the tier one automotive subcontractors and main fashion groups. We believe that the fashion and apparel market in particular will have a growing influence on the South Korean economy given the evolution of sectoral dynamics that we are currently seeing," notes Hong-Kwon Moon.
 
Prior to joining Lectra, Hong-Kwon Moon was sales director at Siemens, where he managed large accounts such as General Motors Korea. He previously worked in marketing and business at Hewlett Packard and Citibank in Korea. Hong-Kwon Moon holds an MBA in marketing and finance from Columbia Business School, New York, United States.
 

Lectra


Must ReadView All

EU, Japan finalise Economic Partnership Agreement

Textiles | On 18th Dec 2017

EU, Japan finalise Economic Partnership Agreement

Building on the political agreement reached in principle during the...

WTO, ITC launch cotton portal to enhance transparency

Textiles | On 18th Dec 2017

WTO, ITC launch cotton portal to enhance transparency

The World Trade Organisation (WTO) and the International Trade Centre ...

India much behind China in containerised cargo capacity

Textiles | On 18th Dec 2017

India much behind China in containerised cargo capacity

India’s total containerised cargo capacity of 8.75 million...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.1%
No
13.8%
Skip
18.1%

Total Votes: 94

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.8%
No
29.8%
Skip
7.4%

Total Votes: 94

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
9.6%
Skip
3.2%

Total Votes: 94

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.9%
No
8.5%
Skip
9.6%

Total Votes: 94


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search