Global Plant Engineering - October 2010 - (Page 21)

e URO P e R e PORT: R U ss ia H Hyundai opens first facility in St. Petersburg to continue global expansion facturing plant in Russia. “Hyundai Motor’s plant in Russia, which seems more high-tech than its other overseas factories, will definitely create jobs for Russians and bring in tax profits from various sectors,” Putin said. “The Russian federal government will support Hyundai Motor and its factory in the Russian market so that it operates successfully.” yundai Motors has launched its first ing the number of vehicles Hyundai Motor manufacturing plant in St. Petersburg, can produce annually at its overseas operaRussia, increasing its global manufactions to 2.05 million units. turing capacity to more than 3 million The Hyundai-Kia Automotive Group can vehicles annually. now manufacture a combined 6.58 million The Korean automaker also unveiled on cars a year in Korea and abroad. Its capacTuesday its long-awaited compact sedan ity will rise to 7 million in 2012 after the tailored to the Russian market, announcing company group opens two more facilities that it will be called the Solaris, according currently under construction. to the Joongang Daily .“It took us 27 months The factory in Russia, called Hyundai after holding the groundbreaking ceremony Motor Manufacturing Rus, can handle the in 2008 to complete this factory,” said entire production process, including weldHyundai Motor chairman ing, painting and assemChung Mong-koo at the bly. “We expect to contribute to opening of the plant. He “Hyundai Motor plans the advancement of Russia’s to create 5,300 jobs said he is confident the factory—which cost the in St. Petersburg by automotive industry.” company $500 million 2012, together with 11 to build – will help Hyundai Motor boost its parts suppliers from Korea,” Chung said. global market share and feed demand for “Furthermore, we expect to contribute to its cars in other countries. the advancement of Russia’s automotive The Russian factory is the company’s industry by developing and supporting local sixth overseas manufacturing plant. automotive parts manufacturers.” It also has production facilities in TurRussian Prime Minister Vladimir Putin, key, India, China, the United States and the who was among the 700 guests who atCzech Republic. The plant in Russia can tended the opening ceremony, lauded the produce up to 150,000 cars per year, liftcompany for its decision to locate the manu- H U N G a RY Audi, GM to invest in country, boost production levels German carmaker Audi AG will invest 900 million euros ($1.2 billion) to expand its Hungarian manufacturing plant . The Audi announcement comes after an investment by GM in Hungary to expand its production facility in the country. Audi, which bought a new plot of land next to its existing facility in Gyor, in the northwest of Hungary, plans to manufacture a total of 125,000 vehicles a year once the plant begins production from 2013, creating 1,800 new jobs in the plant. Audi will manufacture http://joongangdaily.joins.com http://joongangdaily.joins.com http://www.forexyard.com/en/news/Audi-to-invest-EUR-900-mln-to-expand-Hungary-plant-2010-09-23T144753Z-UPDATE-1-EU http://www.forexyard.com/en/news/Audi-to-invest-EUR-900-mln-to-expand-Hungary-plant-2010-09-23T144753Z-UPDATE-1-EU

Table of Contents for the Digital Edition of Global Plant Engineering - October 2010

Global Plant Engineering - October 2010
Contents
Comment
Global Views
Hannover Messe Report
Asia Report
Americas Report
Winning the Race Against Equipment Failure
Take 8 Steps to Debug Process Control System
Optimize the Enterprise: Measurement, Empowerment, and Control are the Essential Ingredients
Air Apparent: Compressed Air Audits Let You Find the Leaks in Your System
The Promise of the Smart Grid: A Flexible, Dynamic Energy Management System
Europe Report

Global Plant Engineering - October 2010