Kia Motors Slovakia launches production of second generation Cee'd model.

By bne IntelliNews April 4, 2012
Kia Motors Slovakia, a unit of South Korea's Kia Motors, launched on April 3 serial production of the second generation of the Kia Cee'd model in its plant in Teplicka nad Vahom, northwestern Slovakia, TASR news agency reported. Following the move, the plant started running at full capacity in a three-shift operation and is targeted to boost its annual output to a record high of 285,000 cars this year. Kia Motors Slovakia invested EUR 200mn in production technologies last year and plans to invest some EUR 110mn this year. It intends to start production of the wagon version of Cee'd in the second half of 2012. Kia Motors Slovakia has assembled a total of 635,000 Cee'd cars since production of the first generation Cee'd model was launched in late 2006. Of them, more than 13,000 Cee'd cars have been sold in Slovakia. Kia is the third biggest exporter and the fifth largest production company in Slovakia. Kia, together with Germany's Volkswagen and France's PSA Peugeot Citroen, which also assemble cars in Slovakia, is one of the main drivers of the country's economy, which is powered by exports of cars and electronics.

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