Tameron Hyundai announces the Expansion of the Hyundai Plant located in Montgomery Alabama

PRLog (Press Release)– May 16, 2011– South Korea's Hyundai Motor Co (005380.KS) will invest $173 million to expand an engine plant in Alabama, creating 214 new jobs in the state, the company said on Monday.

The expanded plant will produce the Nu engine, which is replacing the Lambda engine at the company's manufacturing facility in Montgomery, Hyundai Motor Manu acura facturing Alabama LLC President and Chief Executive Young Deuk Lim said in a joint announcement with Alabama Governor Robert Bentley.

The expanded plant is expected to be completed later this year and to start production in March 2012.

The Nu engine would be used in the Hyundai small sedan Elantra, which is manufactured at the Alabama plant. It would also be used in the Hyundai Santa Fe and the Kia Sorrento models manufactured at the Kia Motors Corp (000270.KS) assembly plant at West Point, Georgia. Kia is a Hyundai affiliate.

"The enhancements to the engine plant will not only increase our engine capacity by 300,000 units per year, it will also provide us the opportunity to implement new manufacturing technologies," Lim told a news conference.

The initiative also expands the capacity to build the Theta engine, which is used in the Hyundai midsi car news ze sedan Sonata.

Hyundai's U.S. sales are booming, with the Korean firm the fastest growing major automaker in the U.S. market.

The Alabama plant makes two of the hottest selling cars in the U.S. market, the midsize Sonata and the small Elantra. Its asse rc helicopter and car market aston martin place mbly lines operate as much as 20 hours per day during weekdays and on some Saturdays to meet high demand.

Hyundai Motor's chief financial officer, Lee Won-hee, said last month that the company could consider building another U.S. production plant if the market continued to improve, but that no formal plans are in place. [ID:nL3E7FS0PN]

A Hyundai Motor Co source said the company would not decide 1086274749  whether to add production in the United States until the end of July.

Hyundai's U.S. sales rose 31 percent in the first four months of 2011, boosted by a model lineup laden with fuel-efficient small cars as consumers seek vehicles that can help them cope with gasoline prices that have risen above $4 per gallon in much of the cou

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