SOUTH KOREA: Hyundai parts unit to set up factory in US
Hyundai’s automotive parts division, Hyundai Mobis, has announced that it is planning to invest $30 million to set up a factory in the United States to begin operations in 2005. It will supply Hyundai Motor's new assembly facility. The parts factory will be built in Montgomery County in Alabama, with construction starting early next year, Hyundai Mobis said in a statement.
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