Hyundai Hysco to set up plant in Slovakia

Hyundai Hysco to set up plant in Slovakia

South Korea's Hyundai Hysco, a Hyundai Motor affiliate, announced plans to build a steel plate plant in Slovakia in 2006 in order to supply plate to Kia Motors, sources report. Kia Motors plans to open an assembly plant in Slovakia in 2006. The new steel plant will supply plate to this planned assembly plant. The steel plant, the construction of which is scheduled to begin in February 2006, is expected to roll its first products in November 2006. Hysco plans to invest Won 30 billion ($29.2 million) in the steel plant.