- Kia executives join together with dignitaries of the Slovakian government to launch construction of manufacturing and assembly plant in Slovakia
- State-of-the art facility will feature the latest and most advanced technologies available today
- Kia to invest €1 billion and create 2,800 jobs
(Seoul) April 7, 2004 - Kia Motors Corporation (KMC) today held a groundbreaking ceremony to mark the beginning of construction for its new
€1 billion manufacturing plant in Zilina, Slovakia. In attendance were executives from Kia Motors, K.J. Yoon, President of Kia Motors, H.Y Choi, President of the Strategy Coordination Office, and J.I. Park, Chairman of Hyundai Mobis. Attending for the Slovak Republic were Mr. Pavol Hru?ovsky, Speaker of the National Council of the Slovak Republic and Mr. Pavol Rusko, Vice-Premier and Minister of Economy of the Slovak Republic, as well as many other dignitaries.
Kia will be building their exclusively invested European assembly and manufacturing operation on a 166 hectare site. The plant will create employment for approximately 2,800 Slovakians and will attract an inflow of capital from Kia suppliers such as Hyundai Mobis. Logistics, parts and supplies that are competitive will be procured locally.
All of the vehicles to be produced at this plant will be Kia models to be sold by Kia’s European dealer network. Vehicles produced at this plant will feature all new models currently under development specifically for the European market: one B-class model and one C-class model, both in vehicle segments that are the most popular in Europe. Production is expected to begin in late 2006. From that time, Kia’s plant in Slovakia will have the capacity to manufacture 200,000 vehicles per year with plans to expand production capacity to 300,000 depending on market conditions.
The major portion of new product development and other R&D-related operations for the Slovakian plant will be carried-out at the combined Kia/Hyundai R&D Centre in Frankfurt with support from the company’s major R&D facilities in Korea.
Kia’s plant in Slovakia will feature the latest and most advanced technologies and facilities available today. Moreover, with a high rate of automation and systematic labor management, Kia plans on achieving world-class productivity while producing vehicles of the highest quality.
“Today is a special day in Kia’s growing partnership with the Slovak Republic, and with the European consumers whose demand for our products helped make this plant possible,” said Yong-Hwan Kim, Kia’s Chief Operating Officer. “This partnership will be mutually beneficial to Kia and to the people of Slovakia, and we appreciate the unflagging support of Prime Minister Dzurinda and the Slovakian government.”
"By breaking ground at this new plant, we are taking one of many progressive steps forward to reaching our goal of becoming a global top five automaker by 2010.”
Vice-Premier Pavol Rusko stated: “Recent Kia Motors and Hyundai Mobis decisions to invest in Slovakia proved the right direction of the Slovak economic reforms heading to significantly improve the business environment of the Slovak Republic. It is a strategic investment that decreases unemployment rate, attracts following investments in the subcontracting area and improves the international image of the Slovak Republic”.
Founded in 1944 and now celebrating its 60th anniversary, Kia Motors Corporation (www.kiamotors.com) is Korea’s oldest manufacturer of automobiles. As part of the Hyundai-Kia Automotive Group, Kia is among the world’s fastest growing automobile companies and aims to be a top five global automaker by 2010. Kia’s 15 manufacturing and assembly operations in 12 countries make more than a million vehicles a year that are sold and serviced through a network of distributors and dealers covering 190 countries. Kia today has 30,000 employees and annual revenues of $12 billion. It is the major sponsor of the Australian Tennis Open and an international sponsor of the Davis Cup.