The site is scheduled to debut mass production in January next year and has an annual production target of 105,000 vehicles for the first year. This will be increased to 150,000 units per year in 2012.
Hyundai held a special opening ceremony that was attended by the Russian Federation’s Prime Minister Vladimir Putin and Hyundai Motor Group Chairman Chung Mong-Koo, as well as six hundred VIPs, company executives, dignitaries and members of the media from both Russia and South Korea.
The site will generate 5,300 jobs by 2012 and will also contribute to the development of the Russian automotive industry, as it will support domestic parts producers.
“Hyundai Motor Company plans to create 5,300 jobs by 2012 in St. Petersburg together with eleven parts suppliers from Korea and, furthermore, contribute to the advancement of Russia’s automotive industry by developing and supporting local automotive parts manufacturers,” Chairman Chung said.
The HMMR is Hyundai Motor Company’s sixth production facility outside South Korea, with the other plants being located in the U.S., China, India, Turkey and the Czech Republic.
“A large contingent of Russian employees have attended intensive training at Hyundai’s plants in South Korea and the Czech Republic acquiring new, and refining existing skills. HMMR is Russia’s first ‘full-cycle’ car production facility belonging to a foreign automaker, with facilities to complete all manufacturing processes from steel stamping to final assembly,” stated the press release.