RUSSIA: Hyundai supplier park opens
A group of Hyundai suppliers has opened a RUB5.872bn industrial park to produce car components in St. Petersburg.
Prime-Tass said the park includes seven car component plants, namely Sungwoo Hitech Rus, SeJong Rus, NVH Rus, DooWon Rus, DongHee Rus, and ShinYoung Rus.
The plants have a combined capacity of 150,000 component kits per year. By the end of 2011, the combined capacity is planned to increase to 200,000 component kits.
The suppliers plan to start commercial production at the park in January 2011.