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KIA production plans ahead of schedule

KIA Motors new plant near Žilina should start producing cars two months earlier than originally planned, Finance Minister Ivan Mikloš said after a meeting with KIA Motors President Chung Eui-Sun on September 15, the Hospodárske noviny daily wrote.

According to the original plan, KIA should start producing cars at full capacity in December 2006. The new plan foresees full production launching in October 2006, and trial production starting in February or March of that year.

An earlier start date will boost KIA’s investments in Slovakia from the original €700 million to €830 million. Its originally planned output should increase from 200,000 to 300,000 cars per year. In addition to the originally planned 2,800 jobs, the change should create 700 additional ones.

Compiled by Martina Juranová from press reports
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