Hyundai opens €1 billion plant in Czech Republic

Hyundai Motor Company, South Korea's largest automaker, officially opened its €1 billion manufacturing plant in Nošovice, Czech Republic, on October 1. With mass production having started in November last year, Hyundai Motor Manufacturing Czech (HMMC), a fully-owned subsidiary of Seoul-based Hyundai Motor Co., has the current capacity to build 200,000 vehicles annually, which will be increased by 100,000 to reach 300,000 units per year in 2011.

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