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Kia to Begin Building New Engine-Producing Facility in April
Thursday 18 March 2010 Zoom in | Print page
Bratislava, March 18 (TASR) - Kia Motors Slovakia is slated to build a new plant for producing car engines near the company's existing engine plant in Teplicka nad Vahom (Zilina region), company spokesman Dusan Dvorak told TASR on Thursday.
The investment costs are expected to amount to over €100 million, with 270 new jobs created. The construction work on the new hall is to be launched on April, with serial production of new engines at the new facility to begin in late 2011.
"The annual capacity of the new facility will be 150,000 engines. They will be earmarked for exports to the Czech Republic, where the sister car-maker Hyundai will put them in the Kia Venga, the Hyundai i30 and in another projected car model," said Dvorak.
"I'm glad we've attracted the €100-million investment for Kia Motors Slovakia in the construction of a new engine-making plant, which will increase our annual output to 450,000 car engines," said Kia Motors Slovakia president and CEO In-Kyu Bae. "We thereby reaffirm our intention to develop Kia's activities in Slovakia on a long-term basis," he asserted.
Kia Motors Slovakia has produced a total of 540,000 cars since December 2006. The Kia cee'd model made up around 80 percent of the overall number, with the Kia Sportage accounting for the remaining 20 percent. The company kicked off serial production of the Hyundai ix35 in January 2010.
The company produced a total of 243,000 engines in 2009, an annual increase of 37 percent.
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