TITLE

Hyundai Plans Thai Production Plant

PUB. DATE
November 2003
SOURCE
Asia Monitor: South East Asia Monitor Volume 1;Nov2003, Vol. 14 Issue 11, p5
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
South Korean carmaker Hyundai Corp. is in talks with a local partner to open an assembly facility in Thailand. The partner and scale of investment have not been disclosed, but Hyundai has confirmed these reports stating that the company aims to open an assembly line with an annual output capacity of 20,000 units. These vehicles will be assembled from completely knocked-down kits, with operations beginning in 2004. The company spokesman said that Hyundai has found it difficult to achieve high sales levels in Thailand due to import tariffs of 80% on passenger cars and added that the new assembly facility would also boost sales in the rest of the region, where Hyundai already has assembly lines in Indonesia, Malaysia and Pakistan.
ACCESSION #
11186838

 

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