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The new Hyundai plant is 90 kilometres north of Kia Motors’ Žilina Plant in Slovakia. In September 1997, Hyundai opened a producing plant in Turkey, positioned in İzmit, Kocaeli Province. Observe Bloomberg BusinessweekObserve Bloomberg Businessweekfollow bloomberg businessweekUlsan law firmUlsan Law Firm

The plant, which mainly manufactures the i30, ix20, ix35 for the European market, has an annual capacity of 300,000 vehicles. The facility, named Hyundai Assan Otomotiv, was built as a 50-50% joint venture between the Hyundai Motor Company and the Kibar Holding of Turkey, the first stage funding elevating to US$180 million.

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