Hyundai Motor Increases European Production Capacity to Half a Million Units Per Annum - Hyundai Motor expands capacity at Turkish plant to 200,000 units - Investment of EUR475 million creates more jobs and expands supplier park - 90% of vehicles sold in Europe will be built in the region by 2014 LONDON, UNITED KINGDOM -- (Marketwired) -- 07/23/13 -- Hyundai Motor has completed the expansion of its European manufacturing plant in Turkey, increasing the company's new-car production capacity in Europe to 500,000 units per annum. Built in 1997, Hyundai Assan Otomotive Sanayi (HAOS) in Izmit, Turkey, is Hyundai's longest-operating manufacturing facility outside Korea. Originally capable of producing 60,000 units per annum, a new shift was introduced in 2007 which saw this rise to 125,000 cars per year. This latest investment will increase capacity further, to 200,000 vehicles annually by 2014. The upgrade will allow the facility to build the forthcoming New i10 city car in addition to the New i20 hatchback. The success of HAOS, in which Hyundai has invested more than EUR1 billion in total, led to the construction of Hyundai's second European facility, Hyundai Motor Manufacturing Czech. Located in Nosovice, Czech Republic, the factory produced 114,000 new cars in its first year. Production has steadily increased since then, and the factory now works around the clock at full capacity, producing 300,000 cars per annum. 95% of all Hyundai's new cars sold in Europe are designed and developed in Europe. The latest investment in Hyundai's Turkish facility means that by the end of the year 90% of vehicles sold in Europe will also have been built in the region. Allan Rushforth, Senior Vice President and COO of Hyundai Motor Europe, commented: "The expansion of the plant in Turkey and our manufacturing capacity in the region demonstrates Hyundai's increasing commitment to Europe. Our European factories will allow us to build the right cars for the region and to continue supporting communities and suppliers throughout Europe." The expansion of Hyundai's factory in Izmit, Turkey has created a further 2,804 jobs at HAOS and at its suppliers. Hyundai has a further 150,000 units of annual production capacity at its plant in St Petersburg, Russia, supplying the domestic market and Eastern Europe. About Hyundai Motor Established in 1967, Hyundai Motor Co. has grown into the Hyundai Motor Group, with more than two dozen auto-related subsidiaries and affiliates. Hyundai Motor - which has seven manufacturing bases outside of South Korea including Brazil, China, the Czech Republic, India, Russia, Turkey and the U.S. - sold 4,4 million vehicles globally in 2012. Hyundai Motor, which employs over 80.000 worldwide, offers a full line-up of products including small to large passenger vehicles, SUVs and commercial vehicles. Further information about Hyundai Motor and its products is available at www.hyundai.com. About Hyundai Motor Europe The company designs, engineers and manufactures cars in Europe, specifically for European consumers. In 2012, Hyundai achieved European sales of 444.000 units, taking a new-car market share of 3,5%. Almost 95% of the vehicles Hyundai sells in the region are designed, engineered and tested in Europe. And more than 70% are built at its two local factories (Czech Republic and Turkey), including the New Generation i30, which was shortlisted for Europe's 2013 Car of the Year award and has won 14 awards throughout the region. Hyundai sells cars in 28 European countries across 2.500 outlets. Hyundai offers its unique, Europe-only, Five Year Triple Care warranty package with all new cars sold in the region, providing customers with a five-year warranty with no mileage limit, five years of roadside assistance and five years of vehicle health checks. More information about Hyundai Motor Europe and its products is available at www.hyundai.com/eu. Contacts: Hyundai Motor Natasha Waddington Head of PR 01494 428646 or 07771 975692 firstname.lastname@example.org Hyundai Motor Laura King Media Relations Manager 01494 428685 or 07817 264224 email@example.com Hyundai Motor Ian Tonkin Product & Corporate PR Manager 01494 428634 or 07584 702031 firstname.lastname@example.org Hyundai Motor Nayab Khan PR Executive 01494 428617 or 07812 086167 email@example.com
Hyundai Motor Increases European Production Capacity to Half a Million Units Per Annum
Press spacebar to pause and continue. Press esc to stop.