Korean Owned Mould Maker Expands
A South Korean company that recently bought an Akron tyre-mould maker plans to spend $2 million to expand its area operations and add as many as 70 employees in the next 18 months. Saehwa Machinery Co. Ltd., which bought Universal Tire Molds Inc. last fall, expects to open a 45,000-square-foot factory this summer on 10 acres in the Massillon Road Industrial Park, which is part of the Akron-Springfield Township joint economic development district. The company’s new president and chief executive is Sun Yong Hong.