Hyundai WIA to establish new engine plant  [ Korea ]

Hyundai WIA announced that it will invest KRW 144.4 billion to build a new engine plant in the Seosan Auto Valley in Chungcheongnam-do. The new plant will be able to produce approximately 100,000 engines per year to meet expected growth in demand for small engines in the mid- and long-term perspective. The investment period is between March 2014 and March 2016. (From a press release on November...