As part of the restructuring effort, in October 1997 Ssangyong not only sold its interest in Ssangyong Paper, but it also shed its stake in a number of other companies, including Ssangyong Motor Co., Ssangyong Heavy Industries, Ssangyong Precision Industry Co., Ssangyong Engineering Co., and ...
by Procter & Gamble, Ssangyong Cement (Singapore) Ltd., now owned by the shipping company, Afro-Asia, Yongpyung Resort, Ssangyong Heavy Industries, Ssangyong Precision Industry Co., Ssangyong Engineering Co., Riverside Cement sold to Texas Industries, Inc, and Ssangyong Oil Refining Co. sold...
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Ssangyong was pushed into concentrating on heavy industry in the same year that Ssangyong Heavy Industries Co. (SHIC) was established after the takeover of a bankrupt firm to manufacture diesel engines and other machinery, Kim managed--after 11 years of losses--to promote this branch as the ce...