"Only Worked 3 Days This Month..." Ssangyong Motor Pyeongtaek Plant Halts Production for Three More Days

The main gate of Ssangyong Motor's Pyeongtaek Plant in Pyeongtaek-si, Gyeonggi-do, in December last year when Ssangyong Motor filed for corporate rehabilitation procedures at the Seoul Bankruptcy Court.
[Image source=Yonhap News]

[Asia Economy Reporter Changhwan Lee] Ssangyong Motor's Pyeongtaek plant has decided to halt production for three more days.

Ssangyong Motor announced on the 19th that production will be suspended from the 22nd to the 24th due to disruptions in procuring production parts caused by suppliers refusing to deliver.

Previously, Ssangyong Motor had stopped production from the 3rd to the 5th and from the 8th to the 10th of this month due to parts procurement issues. Although the plant resumed operations after the Lunar New Year holiday, it stopped again starting on the 17th, just one day after restarting. With the announced suspension from the 22nd to the 24th, the Pyeongtaek plant has operated for only three days this month.

The production halt is due to some suppliers, mainly foreign parts companies, refusing to deliver parts while demanding payment of outstanding balances and cash payments.

Ssangyong Motor stated that production is scheduled to resume on the 25th, but if suppliers continue to refuse delivery, further disruptions to plant operations are expected.

This content was produced with the assistance of AI translation services.