Monday, April 29, 2013

Hyundai rolls out plan for two new Dangjin plants

.Hyundai Motor Group said yesterday it will invest 1.12 trillion won ($1 billion) to build plants in Dangjin, South Chungcheong, to produce special steels and iron powder to support R&D efforts involving vehicle parts and components.

The automotive group controlled by Chairman Chung Mong-koo said the two plants will not only boost product quality, but help the entire automobile industry. The company estimates the two plants will have an economic impact of 6.1 trillion won and generate 22,000 jobs.  READ MORE

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