This is Stant’s third plant in Asia.
H.I.G. Capital, a private equity firm that owns Stant Corporation, says Stant has acquired a majority interest in Pyongsan-FT. The new manufacturing company will be renamed Stant Korea Corporation. The JV will produce fuel filler tubes in South Korea for the Korean and Asian markets.
Based in Connersville, Indiana, Stant has a 110 year history of delivering fuel system components, including fuel caps, fuel vapor control valves, and evaporative canisters to meet increasingly stringent domestic and international evaporative emission standards. Stant is also well known for its cooling systems, including thermostats, thermostat housing subassemblies and radiator caps. Stant operates eight global manufacturing facilities including operations in the United States, Mexico, Czech Republic, Korea and China.
“This operation, which will manufacture fuel filler tubes to the local markets, represents Stant’s third operation in Asia, and further demonstrates our commitment to meet our customers’ increasingly global needs,” said Stant CEO Curt Howell.
Headquartered in South Korea, Pyongsan is a designer and manufacturer HVAC hoses and pipes for the automotive industry. Pyongsan is a global supplier with eight plants in South Korea, U.S., China and Thailand. Pyongsan formed Pyongsan-FT in 2011 to manufacture fuel filler tubes for some of the leading automotive customers in Asia.
