SLOVAK REPUBLIC: Construction plans for proposed $205,000,000 automobile components plant,...

PROJECT OVERVIEW:

KIA MOTORS CORP., a subsidiary of the HYUNDAI GROUP of South Korea, is currently gearing-up to build a plant with an installed production capacity of 200,000 vehicles per year at Zilina in northern Slovakia. As a result, HYUNDAI MOBIS CO., another HYUNDAI subsidiary, recently announced that it will build a new parts plant adjacent KIA's site.

Construction plans under consideration call for building a complex with an installed production capacity of 300,000 module units per year. The move is said to be part of HYUNDAI's attempt to reduce p