Korean giant Hyundai has begin construction on its first European factory in Nosovice, in the Czech Republic. The €1.1-billion plant will come online in 2009 and will initially build the all-new i30 hatchback as well as a still-to-be-unveiled new midi MPV.
Hyundai wants a big slice of the European market, and the Koreans have learned fast that to do that, you have to design and build your car in Europe, to European standards. “With Hyundai’s accumulated manufacturing experience in Korea, China, the USA, Turkey and India, we have created a truly state-of-the-art manufacturing facility that will set the standard for efficiency and productivity. When combined with the high capabilities of the Czech worker and the Czech reputation for excellent craftsmanship, HMMC has the potential to make the highest quality cars in all of Europe,” said Hyundai Motor Co. Chairman and CEO Chung Mong-Koo.
This new factory is just 85km away from sister company Kia's plant in Slovakia, which opened last year to build the Ceed hatchback.
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