Kia Slovakia car output grows 6% y/y in H1 2013

By bne IntelliNews July 18, 2013

The Slovak car assembling plant of South Koreaн car maker Kia Motors made 158,900 cars in the first half of 2013, up 6% y/y, TASR news agency reported.

The plant near Zilina, northern Slovakia, ran at full capacity for first time in its seven-year history in the first half of the year and the company’s CEO Eek-Hee Lee expects it to continue to run at full capacity thanks to the new models that were put into production this year. The plant's annual production capacity is 300,000 vehicles.

Kia Motors Slovakia manufactured a record high of 292,000 cars last year and has previously projected to make 290,000 cars this year. The Slovak plant is the only European production facility of the South Korean car maker.

Kia Motors Slovakia makes versions of the cee'd small family car, Kia Sportage SUV (sport utility vehicle), and Kia Venga mini car designed for markets in Europe and Russia. The company's main market in H1 2013 remained Russia with a 24% share of total sales, followed by the UK with 14%, Germany with 9%, and France and Italy with 5% each. About 1% of the produced cars were sold in Slovakia.

The best selling model was Kia Sportage, accounting for 48% of total sales, followed by the cee'd models with a 42% share and Kia Venga with 10%.

Kia Motors Slovakia produced 253,200 engines in H1 2013, up 6.7% y/y. It has projected to boost its full-year output by about 6% to 490,000 engines this year.

Kia, together with Germany's Volkswagen and France's PSA Peugeot Citroen, is among the key drivers of Slovakia's economy, which is powered mainly by exports of cars and electronics. European car sales slumped to their lowest six-month total in 20 years in H1 2013, suggesting hard times for auto makers and supporting expectations for a significant slowdown of the Slovak economic growth.

Related Articles

Japan’s Asahi buys a huge round in Central Europe

Asahi has beaten a host of regional heavyweights in the race to buy SABMiller’s Central and Eastern European beer brands, the Japanese brewer announced on December 13. The Asian giant said it ... more

Slovak PM slams media “prostitutes”

Slovak Prime Minister Robert Fico labelled local journalists “anti-Slovak prostitutes” on November 23 as he waded into a case featuring low level corruption allegations only to thrust it into the ... more

Slovak government rejects accusations of corruption over EU presidency events

The Slovak government has rejected accusations that some of its preparations for running the EU's rotating presidency were marred by corruption. Bratislava has been in the headlines since it took ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss