Turkish Prime Minister Recep Tayyip Erdogan has visited Hyundai Motor Co.’s main production plant in the southern industrial city of Ulsan, the Korea Herald reports.
Go deeper with GlobalData
On the last day of his state visit to Korea, he and an entourage of 200 Turkish officials and economic delegates toured the assembly lines and export shipping dock at the Ulsan plant, which is capable of rolling out 1.57 million vehicles annually.
Before the visit, Erdogan and Chung Mong-koo, the carmaker’s chairman, held a luncheon meeting to promote cooperation among the two nations’ automotive industry, Hyundai said.
“I expect Hyundai Motor to play a pivotal role for the economic development of Korea and Turkey and promote economic and cultural relationship between the two allies,” Hyundai quoted Erdogan from the meeting.
In July 1997, Hyundai launched Hyundai Asan Otomotive Sanayi, a 50-50 joint venture with Turkey’s Kibar Holding Group. The plant is capable of producing 60,000 units of the Accent compact sedan, the Starex minivan and the H1 light commercial vehicle.
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 GlobalDataHyundai sold 38,953 vehicles in Turkey last year and aims to sell 61,000 units this year.
