Mando is a globally competitive chassis systems supplier based in Korea. The Company produces critical automotive parts and systems principally for dynamic control applications within light vehicles including (1) brakes which controls vehicle motion, (2) steering which controls vehicle direction, and (3) suspension which regulates body roll and bounce. These three application areas are critical for safety, handling, and comfort. Mando's three principal manufacturing facilities in Korea â€" Pyeongtaek, Wonju, and Iksan plants â€" manufacture brake, steering, and suspension products, respectively. In recent years, the Company has significantly expanded its manufacturing, engineering, and R&D presence outside of Korea, particularly in China, the United States, and India, to address increasing customer orders from these new markets. For the fiscal year ended December 31, 2007, the Company recorded total consolidated revenue of over KRW2,200 billion and an operating EBITDA of KRW260 billion.