St. Petersburg, Russia – Hyundai has officially opened a manufacturing plant in St. Petersburg, Russia. With mass production scheduled to begin in January next year, Hyundai Motor Manufacturing Rus (HMMR), a fully-owned subsidiary of the Korean automaker, will have an annual production target of 105,000 vehicles in its first year, increasing to 150,000 units per year in 2012.
Hyundai now has six production facilities outside of Korea, including the U.S., China, India, Turkey, the Czech Republic and Russia. Currently, about 2,000 people work at the plants of HMMR and its suppliers; it is expected that 5,300 jobs will be created in 2012, including with eleven parts suppliers from Korea.
The plant carries out “full-cycle” manufacturing, from steel stamping to assembly, the first in Russia owned by a foreign automaker to do so. The first car to be produced will be the Solaris, a all-new, four-door subcompact sedan. Hyundai plans to sell 85,000 Solaris models annually in Russia starting in 2011, including a four-door hatchback that will join the lineup later in the year.