IANS/EFE | 30 Aug, 2012
South Korean automaker Hyundai Motors Company's Mexican unit said
it planned to invest $130 million in a new plant that will manufacture aluminum
auto parts in Tijuana, a border city in the
northwestern state of Baja California.
The plant is expected to create 300 direct jobs and make up to 900,000 units of
three new automotive products for different models sold in the US,
Hyundai said.
Hyundai Translead chief Kenny Lee laid the cornerstone for the new plant, the
automaker said.
The plant is expected to start operating in 2014 and "production could
rise to 1.5 million units when it is at 100 percent of capacity", Hyundai
said.
Hyundai de Mexico is a division of Hyundai Kia Automotive Group, the No. 6
automaker in the world and the second-largest corporation in South Korea.
Hyundai designs, manufactures and sells automobiles and auto parts around the
world, employing more than 57,000 people.
The South Korean automaker has a network of more than 900 dealers in North America.
Hyundai has a plant in Tijuana, located near San Diego, California,
that manufactures dry and refrigerated cargo containers, as well as other
transportation products, for the North American market.
