Hyundai considering second U.S. plant as sales continue to rise
Hyundai is facing an issue and manufacturer would love to; producing at full capacity. Unfortunately, this becomes an issue when, as in the case of Honda, growth becomes restrained. After 2011, officials will assess Hyundai’s needs and performance, and determine whether a second US manufacturing facility will be required. The company is expecting continued strong demand for the Sonata and redesigned Elantra sedans.
Right now there are no concrete plans for another American plant, but Hyundai’s expansion and company philosophy makes it apparent that the next move will be to build a facility in America; the need for more production is certainly there, and the company operates under an ethos that demands that it manufactures where it sells. The company has seen ridiculous growth in America as of late, having seen a jump of 24% from 2009 to 2010.
Given the enormous popularity of the vehicle, Hyundai has been unable to produce enough Sonata sedans to meet demand, and expects the redesigned Elantra to be even more popular in the coming year.
– By: Steve Calogera
Source: Automotive News
