Hyundai representatives visit Žilina, STV info denied

Contrary to reports of the public Slovak Television (STV), South Korea's carmaker Hyundai has not yet decided about the construction site of a $1.5-billion (€1.175 billion) plant in central Europe, Steve Bowen, the director for Foreign Public Relations at Kia Motors Co., Ltd., which belongs to the Hyundai group, told the TASR news wire.

A 12-member group of Hyundai management board and executive officials briefly visited Žilina - Slovakia's offered area - prior to their talks in Bratislava with Prime Minister Mikuláš Dzurinda and Slovakia's economy and finance ministers on January 16.

Kia is one of the possible brands to be produced at the central European plant, as was confirmed by Jan Mišura, the regional director of the Slovak Chamber of Commerce and Industry (SOPK) in Žilina.

Žilina's self-government submitted the final list of investment stimuli, including local tax allowances, to Hyundai people.

Late last year, Slovakia and Poland were shortlisted by Hyundai for the site of a production unit with an estimated annual output of 300,000 cars, beating out the Czech Republic and Hungary in a battle for the major greenfield investment.

Compiled by Beata Balogová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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