Kia Motors’ Slovak plant last year hiked net profit to EUR155.46m from EUR68.63m as sales increased 17.7% to EUR3.92bn.
The plant located near Zilina in the north of the country said earlier that car output was 15% higher at a record 292,050 units last year, a local news agency.
Go deeper with GlobalData
This year’s projection is 290,000 cars.
Engine production, including engines supplied to parent Hyundai in Nosovice in the east of the Czech Republic, grew 29% to over 464,000 units.
Last year’s spend on new technology, completion of a logistics centre and raising of capacity stood was EUR120m, two-fifths less year on year.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
