VLADIMIR PUTIN
ARCHIVE OF THE OFFICIAL SITE
OF THE 2008-2012 PRIME MINISTER
OF THE RUSSIAN FEDERATION
VLADIMIR PUTIN
ARCHIVE OF THE OFFICIAL SITE
OF THE 2008-2012 PRIME MINISTER
OF THE RUSSIAN FEDERATION
VLADIMIR PUTIN
In June 2008, Hyundai Motor began the construction of a plant in St Petersburg - Hyundai Motor Manufacturing Rus, or HMMR, a limited liability company.
After the plant's opening, which is scheduled for September 21, 2010, it will become Russia's first foreign full-cycle auto assembly plant. Apart from the traditional welding, painting and assembly shops located on site, there is also a stamping shop that will allow the plant to maintain a high quality for stamped panels, maintain better control over costs and fast track the manufacture of new models.
Hyundai Motor Manufacturing Rus has modern, high-tech equipment which ensures a high level of automation (for example, in the welding and painting shops, the rate of automation is 80% and even higher).
The Hyundai Motor plant in St Petersburg plans to launch commercial manufacturing in January 2011. It also plans to reach its full capacity of 100,000 cars a year by the end of 2011, aiming to further boost capacity to 150,000 when it introduces three shifts.
Hyundai Motor Manufacturing Rus will begin operating with the manufacture of a new model, the Hyundai-S sedan which has been specially designed to meet the demands of Russian consumers. In order to satisfy the Russian government's requirements, the plant will have a high level of localisation which will be facilitated primarily by the proximity of auto parts plants built by Korean suppliers in the north-west of Russia and also by the plant's cooperation with a number of Russian and international companies.
The plant's premises will accommodate two vendors' shops: Hyundai Hysco buys, grades and supplies cold-rolled steel to the plant's stamping shop and Hyundai Mobis manufactures large car modules which are further installed in the assembly shop.
Just two kilometers away from the plant there is an industrial park of seven vendors involved in the Hyundai Motor project: Deawon, Donghee, Doowon, Sejong, Shinyoung, NVH and Sungwoo Hitech. The amount of money invested in this project has totaled around 280 million euros.
