April 17, 2002

Hyundai breaks ground on Alabama plant

Montgomery, Alabama – Hyundai Motor Company broke ground Tuesday on the company’s first U.S. automotive manufacturing plant, to be built on 1,620 acres of land in Montgomery, Alabama.

The $1 billion facility, set to begin production in 2005, will produce the next generation of the popular Sonata sedan and Santa Fe sport utility vehicle. At peak production, the facility will employ approximately 2,000 people and produce 300,000 vehicles per year. The site will include a manufacturingand assembly facility, as well as a stamping plant and an engine plant.

The decision to build the facility in Alabama comes on the heels of continued strong sales growth in the U.S. market. In 2001 alone, the Hyundai Automotive Group (which consists of the Hyundai Motor America and Kia Motors in the United States) saw sales of 569,956 units in the United States, an
increase of 29 percent over 2000 and the largest increase in the auto industry.

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