SEOUL, KOREA - Hyundai Mobis, Korea's major automotive parts manufacturer, will build a plant for auto lamps including the headlight in the Czech Republic. It will supply the lamps to European car makers such as Mercedes-Benz and BMW as well as to the local assembly plants of Hyundai Motor and Kia Motors.
The company announced on July 27 that it would sign an agreement with the Czech government on the 29th to build a plant in Ostrava in the eastern border with Poland. Hyundai Mobis CEO Chung Myung-chul will take part in the signing ceremony in Prague with the Czech Prime Minister Bohuslav Sobotka.
Immediately after the ceremony, the company will set to build the plant in an 180,000-square-meter site at the cost of 120 billion won to complete it by 2017. Earlier in 2012, it had built a brake parts plant in Slovakia. Currently Hyundai Mobis is supplying lamps manufactured domestically to BMW and Volkwagen. It would be Hyundai Mobis' second Czech factory following a car module plant in Nosovice, again in the eastern border near Ostrava.
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