Hyundai’s European Production Capacity Increased to 500,000 Units Annually image

Hyundai has recently completed the expansion of its plant in Turkey, increasing vehicle production capacity in Europe to 500, 000 units annually.

Hyundai Assan Otomotive Sanayi is located in Izmir, Turkey, and was built in 1997. This is Hyundai’s longest-operating plant outside Korea. The initial production capacity was 60,000 units annually, until 2007 when a new shift was added increasing capacity to 125,000 units annually. With this last expansion, the plant’s capacity will reach 200,000 units annually by 2014. The plant will manufacture the i10 and the i20 models.

The success of this plant, in which the automaker invested more than 1 billion euro, make Hyundai decide to build a second plant in Europe, Hyundai Motor Manufacturing Czech, situated in Nošovice, Czech Republic. In its first year the facility manufactured 114,000 vehicles, but now it produces 300,000 units annually. Almost 95% of Hyundai’s vehicles sold in Europe are built in the region.

“The expansion of the plant in Turkey and our manufacturing capacity in the region demonstrates Hyundai’s increasing commitment to Europe. Our European factories will allow us to build the right cars for the region and to continue supporting communities and suppliers throughout Europe,” said Allan Rushforth, Senior Vice President and COO of Hyundai Motor Europe.

Source: automotiveworld.com