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.

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