Hyundais Czech unit and Kia Slovakia swap production of two models.

By bne IntelliNews July 4, 2011
The Czech unit of South Korean car maker Hyundai and the Slovak plant of its affiliate Kia Motors have swapped production of two models to meet rising demand for Hyundais ix35 SUV, CIA news agency reported. Hyundai Motor Manufacturing Czech (HMMC) launched the serial production of ix35 on July 1, as Kias Slovakian plant in Zilina does not have the capacity to meet the higher demand for the model, HMMC spokesman Petr Vanek said. The Zilina plant, on the other hand, will take over production of Kia Venga compact cars, up to now assembled in the Czech Republic. Hyundai, together with its affiliate Kia Motors, is the worlds fifth largest auto group. HMMC produced 200,135 cars at its Nosovice plant in 2010, up by 70% y/y. The company will invest CZK 3.5bn (EUR 147mn) to raise its car capacity to 300,000 from 200,000. Last month, the company received permission from the regional administration to start building a gear box production hall at the plant, which will boost the companys annual capacity to 500,000 gear boxes from 300,000.
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Czech CSSD proposes 2014 general and European elections to be held together.

Social Democrats (CDDS), the major Czech opposition party, proposed next year's general and European elections to be held on the same day, CTK news agency reported. CSSD leader Bohuslav Sobotka ... more

Tesco Czech faces fine for selling products containing undeclared horsemeat

The Czech unit of UK retailer Tesco faces a fine of up to CZK 3mn (EUR 116,000) for selling beef lasagne containing undeclared horsemeat, Radio Prague reported. The state-run Agricultural and Food ... more

Czech Senate votes to limit immunity of lawmakers, judges.

The upper house of the Czech parliament, the Senate, voted on March 20 a constitutional amendment to limit the immunity of lawmakers and constitutional judges, Radio Prague reported. Out of the ... more

Follow Us On

Most Read

  1. Iran vs Israel: Who is better equipped for war?
    6 days ago
  2. Saudi Arabia to scale back plans for Neom city
    10 days ago
  3. Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
    5 months ago
  4. BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
    6 days ago
  5. Russia’s war economy boosted by rising oil prices
    4 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    20 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    25 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. UBN: Russia could take the Baltic states in 48 hours
    30 days ago
  5. BRICS announce a blockchain-based payment system to create a common currency
    23 days ago

Reports

Dismiss