SsangYong Motor commemorates first anniversary of acquisition by Mahindra

SsangYong Motor held a commemorative planting ceremony at its main office in Pyeongtaek on March 29 to mark the first anniversary of its M&A with Mahindra & Mahindra and the first general meeting of shareholders since the M&A.

The management and labour -- Dr Pawan Goenka, chairman, Board of Directors, Ssangyong Motor Company and president, Automotive and Farm Equipment Sectors, Mahindra & Mahindra; president and CEO of SsangYong Motor Yoo-il-Lee; and the head of the SsangYong Workers' Union Kim Kyu-han – planted two Korean pine-trees, together with other directors of the board. Commenting on the occasion, Dr Goenka said: “I am also pleased to announce that over the next one year, we plan to add 1,000 trees to the green cover around the plant as a tribute to the company’s continued growth.”

M&M completed the acquisition of SsangYong on March 15, 2011.