Kia Slovakia reports profit of €68.6 million for 2011

A record-breaking 252,000 cars rolled off the production lines at the Kia Motors Slovakia plant in Teplička nad Váhom near Žilina last year. The plant also made 359,000 engines in 2011. The company reported a pre-tax profit of €68.6 million, with sales going up 15 percent and production 10 percent in year-on-year terms.

A record-breaking 252,000 cars rolled off the production lines at the Kia Motors Slovakia plant in Teplička nad Váhom near Žilina last year. The plant also made 359,000 engines in 2011. The company reported a pre-tax profit of €68.6 million, with sales going up 15 percent and production 10 percent in year-on-year terms.

"We have invested some €200 million in building a second engine plant and preparing for production of the new version of the Kia cee'd model. Last year, we hired some 900 new employees and launched a third shift this January. In 2012, we plan to make over 285,000 vehicles and invest some €110 million." Kia Motors Slovakia CEO Eek-Hee Lee told the SITA newswire. Last year the company’s sales stood at €3.328 billion, with export sales amounting to €3.278 billion. Almost 99 percent of the cars it produced in 2011 were shipped abroad.

Source: TASR

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

Get daily Slovak news directly to your inbox

Top stories

Milan Mazurek and Milan Uhrík in the foreground are significant faces of ĽSNS leaving the party

Far right splits: prominent faces leave after Kotleba changed statute

Analyst says that strengthening of extremists is unlikely.

16 h

Worse-off districts in Slovakia should undergo another round of testing

It is necessary to carry a negative COVID-19 test result from January 27 to at least February 2.

22 h
Igor Matovič celebration his election victory on March 1, 2020.

It was a long time ago and it never happened anyway

How much of the present will be intelligible through the kaleidoscopic lens of digital media in just a few years – or even months?

17 h