Am-Kor Limited
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Am-Kor Limited is an American and Korean based manufacturing business.
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History
EJR Manufacturing
EJR Manufacturing was an American manufacturing company founded in Edwin J. Richards in 1936.
In 1942, EJR Manufacturing began making supplies and equipment for World War II.
In 1952, EJR Manufacturing was interested in joining the North American car market. In 1957 a concept was created called the RMC-1. However, in 1959 the company decided not to put the car into production.
In 1974, Edwin J. Richards decided to pass on his company to his son and to retire. Kevin Richards became head of EJR Manufacturing in June 1976.
In 1989, Kevin Richards' son, Alex Richards, became vice-president of EJR Manufacturing.
Jayatsu Industrial
Jayatsu Industrial was a Korean manufacturer of heavy and industrial equipment. The company was founded in 1958 by C. Yoon.
In 1975, American David Smith purchased a majority share in Jayatsu Industrial. Smith believed that they could make more money if they expanded to North America. Smith demanded that they had a manufacturing plant in North America by the end of the decade. Yoon knew that they could not create it in time and left the company in 1978.
By 1982, Jayatsu had a minor presence in North America. By 1984, Smith was being convicted of tax charges and was found guilty in 1986.
In 1988 Jayatsu was bought by Han Lee. By 1991, Jayatsu was facing possible financial trouble.
Merger
Am-Kor was formed in 1993 when a merger was formed between EJR Manufacturing and Jayatsu Industrial. A new company was created to represent both companies called Am-Kor Limited.
In 1997, Alex Richards became head of EJR Manufacturing after Kevin Richards retired in 1996.
So International
In 1998, Am-Kor bought So Manufacturing, another Korean based manufacturing company. In 1999 the name was changed to So International. The most famous product was the ill fated So Car. In 2001. Am-Kor decided to bring back the So Car and turned it into a minor success.
