Hyundai May Start Production Early at First European Plant

Sept. 3, 2008
The plant, located in the Czech Republic, will produce 200,000 cars annually year.

Hyundai said on Sept. 3 that its first European plant sited in the Czech Republic could start production several months early, in late December or early January.

"The original plan was for March 2009 but it could be late December or early January," said Hyundai spokesman Petr Vanek, adding that the 990 million euro (US$1.44 billion) plant awaits final safety and other clearances.

The Nosovice plant, near the eastern industrial city of Ostrava, will produce 200,000 cars a year in a first phase, rising to 300,000 by 2011 after a further 130 million euro investment. The plant is earmarked to make the i30 model currently produced in South Korea. The Czech plant will supply European markets.

Around 1,500 workers have already been recruited for the Czech plant with a further 500 due to be hired by the end of the year. At full production, 3,400 should be working there.

Copyright Agence France-Presse, 2008

Popular Sponsored Recommendations

Four Common OT Cybersecurity Pitfalls for Manufacturers

April 4, 2023
For the last six years, Dragos has leveraged their Professional Services team to develop an on-the-ground understanding of the realities facing the industrial community and to...

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

How Manufacturers Can Optimize Operations with Weather Intelligence

Nov. 2, 2023
The bad news? Severe weather has emerged as one of the biggest threats to continuity and safety in manufacturing. The good news? The intelligence solutions that build weather ...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!