Hyundai May Set Up New Plant in Ukraine

Land:
Ukraine
Hyundai May Set Up New Plant in Ukraine

Hyundai is considering building a vehicle new assembly plant in Ukraine, local newswire ’kommersant’ reports, citing government sources close to the dicussions. A decision is expected to be made until mid-December. The plant would have an annual production capacity of 150-200 thousand vans and light commercial vehicles, an initial localisation content of at lest 50%. Most of the production would be destined for export to EU and CIS markets, because the domestic market of these products is quite small.

If built, construction of the first foreign car plant in Ukraine would take 18 months