Kia Motors Slovakia to introduce third shift in Q1 2012 to meet rising demand.

By bne IntelliNews September 19, 2011
Kia Motors Slovakia will introduce a third working shift at its plant in Zilina in the first quarter of 2012 to meet rising demand, webnoviny.sk informed citing company spokesman Dusan Dvorak. The move will create about 1,000 new jobs at the Zilina plant and additional working places in Kia'a suppliers. The car producer expects plans to launch a new brand model in 2012. The company reported a net profit of EUR 42.9mn in 2010 up from EUR 25.9mn in the previous year on the back of strong sales and production. Kia increased its vehicle production by 26% y/y to 134,000 units in the first half of 2011. The company employs more than 3,000 people at its Zilina plant. South Korea's Kia Motors, together with Germany's Volkswagen and France's PSA Peugeot Citroen, which also have production plants in the country, is one of the main drivers of Slovakia's economy.

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