Thursday, May 02, 2013

Hyundai opens factory of heavy equipment for construction in Rio de Janeiro

Rodrigo Louzas Hyundai opened last week in Itatiaia, in the South of the State of Rio de Janeiro, their first factory of heavy equipment for construction outside Asia, which invested r $ 360 million. The production capacity can reach 5,000 units per year in 2015.
According to the company, the factory began to operate with a capacity to produce up to one thousand per year, as heavy machinery excavators and backhoes. Over the next three years, the South Korean company is expected to invest in the order of R $ 6.1 billion in the automotive industry.
' With the proximity of the World Cup and the Olympics there is a great demand, but there is also an expectation of very large growth in the segment of heavy machinery for civil construction in Brazil. The Brazil is an important country in the world economy and rely much on its potential. We want to collaborate in the development of the country ', said Choe Byeugn Ku, Chairman of Hyundai Heavy Industries.
During the construction of the industrial plant 1.5 thousand jobs were generated. The forecast is that the company will have 1,000 employees until 2015.
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