Hyundai Motor to Begin Exports from Its Russian Plant
- Hyundai to export Accent to CIS nations starting this month
- Hyundai plans to gradually expand export markets
- Capacity at new St. Petersburg plant raised to 200,000 units per year
Hyundai Motor Company will begin exporting Accent models produced at its plant in Saint Petersburg, Russia, Hyundai Motor Manufacturing Rus LLC (HMMR), beginning this month.
The company will supply Russian-made cars to a number of neighboring countries, including Ukraine, Azerbaijan, Kazakhstan, Belarus, Uzbekistan, Moldova, Armenia and Kyrgyzstan. The company plans to export 7,000 to 8,000 vehicles in 2011, while no import duties will be imposed on the CIS nations importing Accents produced at HMMR. HMMR will gradually increase the number of markets it exports to.
Hyundai Motor began mass production of the compact sedan at its St. Petersburg plant in January 2011, shortly after the factory opened.
“The cars we produce at our state-of-the-art plant are popular among Russian customers, as they abide by strict quality standards and satisfy local preferences,” said Chun Gui Il, general director of HMMR. “We are confident that customers in CIS nations will also be happy with our cars. To make sure that export orders are filled on time, we’re planning to increase the plant’s manufacturing capacity to 200,000 vehicles per year and to launch a third shift this year.” Hyundai originally announced that the plant would have an annual capacity of 150,000 vehicles.
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Established in 1967, Hyundai Motor Co. has grown into the Hyundai Motor Group which has ranked as the world’s fifth-largest automaker since 2007 and includes more than two dozen auto-related subsidiaries and affiliates. Hyundai Motor, which has six manufacturing bases outside of South Korea, sold approximately 3.6 million vehicles globally in 2010. Hyundai vehicles are sold in 186 countries through some 5,300 dealerships and showrooms. Further information about Hyundai Motor and its products is available at www.hyundai.com.
