Ssangyong and Mahindra have jointly undertaken a tree plantation ceremony to commemorate the completion of one year of their alliance. It has been one year since the two companies came together and hence held the tree planting ceremony on March 29th at the company main office in Pyeongtaek.
President and CEO of Ssangyong Motor Company, Yoo-il-Lee said, “In 2011, Ssangyong took strategic steps to stabilize the company by successfully merging with Mahindra and thereby devised a new corporate vision and mid- to long-term development strategies to ensure growth.” “We will achieve our mid- and long-term business goals through active cooperation with M&M, like these two trees we just planted side by side.”
Two Evergreen Korean pine trees were planted as a symbol of cooperation and growth. Korean pine trees have five leaves in each sheath. It is able to withstand heat and cold and is evergreen which is symbolic of Ssangyong and Mahindras commitment to growth and progress.
Dr. Pawan Goenka, Chairman, Ssangyong Motor Company and President, Automotive and Farm Equipment Sectors, M&M Ltd., said, “Like these trees that are symbolic of jangsaeng or longevity, Ssangyong has, over the past year, proved that it too can achieve growth and success in the face of challenges and a changing economy. This success is testimony to the joint efforts of both companies. Today, I am also pleased to announce that over the next one year, we plan to add 1000 trees to the green cover around the plant, as a tribute to the company’s continued growth.”
A general meeting of shareholders was held which was followed by the tree planting ceremony attended by Dr. Pawan Goenka, Chairman, Board of Directors – Ssangyong Motor Company and President – Automotive and Farm Equipment Sectors, M&M Ltd, Mr. Yoo-il-Lee, President and CEO – Ssangyong Motor, and Mr. Kim Kyu-han – Head of Ssangyong Workers’ Union planted the two pine trees on this special occasion.