9/19/2011

Hyundai plans USD 400 million investment in Turkish plant

Zaman - Content with its production and sales figures in Turkey, Hyundai is set to invest USD 400 million into its plant in the country. The South Korean carmaker will take steps regarding the investment following the signing of the free trade deal between Turkey and South Korea, which is expected to take place before the end of the year. The investment involves increasing the capacity of the plant to 200,000 cars per year and the addition of a new model.

During his private visit to Turkey, Hyundai Motor Company’s Vice Chairman Eui Sun Chung, said that Hyundai’s focus will be on satisfying the Turkish customers first and vie to become the best auto brand in the eyes of its customer base. “Our current and future product line in Turkey will be shaped by Turkish drivers’ demands,” Chung told the press. “Hyundai will strengthen its presence in Turkey and is pleased to be one of the major investors in the Turkish automotive industry,” Hyundai’s Vice-Chairman added.

Hyundai’s Turkish plant manufactures Accent Era and i20 Troy models. Exporting cars to over 60 countries, the Hyundai-Assan Izmit plant in Turkey’s western province of Kocaeli holds the “highest quality production facility” title among all Hyundai plants across the world.
Turkey; turkish automotive industry; hyundai turkey; hyundai-assan; i20 troy; Eui Sun Chung; turkey automotive investment

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