TITLE
Hyundai’s Russia Plant On-Schedule
DATE
May 20, 2010
VIP participants pushing stamping line ceremony buttons (from left to right: HMMR General Director Ahn Joo Soo, Consul General Sok-Pe Lee, Hyundai Motor Company Vice-Chairman Jong-Woon Shin, Governor Mrs. Matvienko, Ambassador of the Republic of Korea in Russian Federation Youn-Ho Lee, Head of North West Administration of RTN (the Federal Service of Technical Ecological and Nuclear Supervision Mr. Slabikov)

- Hyundai successfully holds stamping line test operation
- Hyundai is first foreign automaker to install a stamping shop in Russia

(Saint Petersburg, Russia) Hyundai Motor Manufacturing Russia (HMMR), a wholly-owned subsidiary of South Korea’s Hyundai Motor Company, recently held a test operation for its stamping line, confirming that all plans are on-schedule for the automaker’s sixth overseas manufacturing base.

About 100 dignitaries, suppliers and media members attended the test operation ceremony, including the Governor of Saint Petersburg Mrs. Matvienko V.I., Ambassador of the Republic of Korea to the Russian Federation and Hyundai Motor Co. Vice Chairman Mr. Shin Jong-Woon. HMMR is the first foreign plant in the Russian Federation to install a stamping line.

“We will stick to the basics to stay focused on producing safe, high-quality cars for our Russian consumers. We are confident HMMR will meet - and exceed- consumers’ needs and the test operation is where it all begins,” said Mr. Ahn Joo-Soo, General Director of HMMR.

Hyundai Motor made the decision to construct the approximately 500 million euro-plant according to a full production cycle, starting from pressing blank steel and stamping body parts to welding, painting and assembly. Having a stamping shop will help HMMR secure car components at the earliest stages of production. The recent test involved four stamping presses with an aggregate capacity of 5,100 tons.

The opening of HMMR is on-schedule to begin in September 2010, while production is planned to begin in January next year. At the end of 2011, the company aims to reach the plant’s maximum production capacity of 100,000 cars a year, with prospects of further increasing the amount to 150,000 units.


Established in 1967, Hyundai Motor Co. has grown into the Hyundai Automotive Group, which was ranked as the world’s fifth-largest automaker since 2007 and includes over two dozen auto-related subsidiaries and affiliates. Employing over 75,000 people worldwide, Hyundai Motor sold approximately 2.8 million vehicles globally in 2008, posting sales of US$25.6 billion on a non-consolidated basis (using the average currency exchange of 1257.5 won per US dollar). Hyundai vehicles are sold in 193 countries through some 6,000 dealerships and showrooms.
Further information about Hyundai Motor and its products are available at www.hyundai.com.