Hyundai is going to build in Russia motor plant

14 March 2018

New site can start working in 2021

In the framework of the Russian automotive forum Hyundai held a presentation in which he shared his plans about the construction by 2021 of a plant for the production of engines for passenger cars. Its capacity is estimated at 150 000 units per year. It is anticipated that the new Playground will be built next to St. Petersburg.

Vice-Governor of St. Petersburg Igor Albin said that Hyundai is reserved land in the Northern capital with an area of about 200 ha. he Also said that the city government is going to sign spetsinvestproject (SPIC) with Hyundai for the production of "petrol, diesel and hybrid engines".

The official representative of "Hyundai Motor manufacturing Rus" announced that a final decision on the new factory should be made in 2018. The participation in the project is open to local producers. In particular, the staff of "Hyundai Motor manufacturing Rus" has already visited KAMAZ, which had mastered the production of forgings of crankshafts for the Russian plant of Volkswagen.

The publication "Kommersant" believes that the initiative for the construction of a new plant stems from the fact that Hyundai in 2018 expire preferential agreements on industrial Assembly. For this reason, the company is in a hurry to conclude Speke to access state subsidies. At the same time, some sources say that achieving the goals of the Korean brand will not only build the engine plant will require additional investment in the Russian economy.

Currently, Hyundai has a plant capacity of 200 000 cars in Saint Petersburg, which produce a popular budget models Hyundai Solaris, Hyundai Grand and Kia Rio. By SKD on "Avtotor" produces more than expensive cars and Hyundai new sub-brand Genesis.