Turkey – Expansion of Hyundai’s Izmit manufacturing plant will increase capacity to 200,000 vehicles annually by 2014.
The upgrade will allow the facility to build the forthcoming i10 in addition to the new i20. The success of the Izmit facility, in which the company has invested more than €1 billion ($1.3 billion), has led to the construction of Hyundai’s second European facility, located in Nošovice, Czech Republic.
This factory produced 114,000 vehicles in its fi rst year and now works at full capacity, producing 300,000 vehicles per annum. The latest investment in Hyundai’s Turkish facility means that by the end of the year 90% of its vehicles sold in Europe will also have been built in the region.
The company has a further 150,000 units of annual production capacity at its plant in St Petersburg, Russia, supplying the domestic market and Eastern Europe.