Hyundai to invest $130 mn in new plant in Mexico

Published 12 September 12 11:50 AM
Submitted by John Ganjei on Thu, 2012-09-06 17:11 
Hyundai Logo 
Hyundai, the South Korean automotive leader set up its first plant in Tijuana back in 1989. Hyundai recently announced an investment of US$130 million in their new aluminum Die Cast Plant, as their third investment in Tijuana, Baja California.

The construction of their new facility plant starts in September and is expected to start operating later this year.  By the end of the year it is expected to start the first phase of their operation, which will reach its full capacity in January 2014 and will produce 900,000 units of three automotive parts: Engine Blocks, Engine Cylinder Heads, and Transmission Cases. 

According to Translead Chief Kenny Lee, company’s CEO, this new investment in Baja California represents an increase in the number of Tijuana Manufacturing Jobs with 300 new jobs in addition to the 2,300 present jobs existing in Hyundai’s plants. With this new investment, the Tijuana automotive cluster will contain 51 automotive plants, which generates over 15,000 jobs.

Hyundai de Mexico is a subsidiary of Hyundai Kia Automotive Group, the sixth largest automaker in the world and second largest company in South Korea with over 900 dealers in North American and 57,000 employees worldwide. 
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