Hyundai Mobis starts local production in Europe

Hyundai Mobis plans to make this plant a production base for main auto components for the European market. The automotive supplier invested approximately KRW 140 billion (EUR 114 million) towards opening the new lamp plant of 54'000m2 on a site of 190'000m2 in Mošnov, near Ostrava (Czech Republic). The company expects that by supplying lamps from this plant to Hyundai Czech plant and Kia Slovakia plant, both within a 2-hour drive distance. Before the opening of the plant, it took more than a month to transport lamps produced from Gimcheon plant in South Korea by shipping them from Busan to the port of Koper (Slovenia). "To produce auto components that meet ever-changing local environments and regulations in a rapid manner, it is essential to have local production bases for core auto components," said Jeon Yong-duk, executive vice president of auto component division of Hyundai Mobis. "We will make our Czech plant as a production base specializing in core auto components for Europe and through aggressive sales operation based on this base, we will solidify our position in Europe."