Hyundai suppliers eye 400 mln euro Czech investment

25.04.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

NOSOVICE, Czech Republic, April 25 (Reuters) - Three suppliers to a new plant Hyundai Motor Co is building in the Czech Republic plan to invest...

...400 million euros ($545.6 million) in the country, a Czech investment agency said.

Roman Cermak, head of the state-run CzechInvest agency, told Reuters he expected more Hyundai suppliers to set up shop in the country.

The South Korean carmaker broke ground on Wednesday for the construction of its 1.1 billion euro factory in the northeast of the Czech Republic, which will have the capacity to build 200,000 cars annually from March 2009.

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