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Industry: Email Alert RSS FeedHyundai plans Czech plant; Factory will build 300,000 units a year when it opens in 2008.(Hyundai Motor Co., Czech Republic)
Automotive News Europe, October, 2005 by Frink, Lyle; Thorpe, Norman
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Byline: Norman Thorpe, Lyle Frink
Hyundai Motor Co. plans to invest [euro]1 billion to build an auto assembly plant in the Czech Republic, the company said Friday.
The plant will have a capacity of 300,000 units a year. Hyundai wants to start building the plant in mid-2006 and begin producing cars in the second half of 2008.
Although Hyundai expects to locate its factory in the Czech Republic - likely in the Ostrava region - it hasn't ruled out locations in neighboring countries.
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"Nothing is finalized, but Ostrava is a prime candidate," Seoul-based Hyundai ...
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