Spectator on facebook

Spectator on facebook

Kia Motors Slovakia reports 2012 revenue of €3.9 billion

Carmaker Kia Motors Slovakia, based in Teplička nad Váhom (Žilina Region), produced 292,050 vehicles and 464,467 engines last year, company spokesman Jozef Bačé announced on Thursday, February 28. This represented a 15-percent year-on-year increase in car production and a 29-percent rise in engine production between 2011 and 2012. The firm generated overall revenue of €3.9 billion in 2012.

Carmaker Kia Motors Slovakia, based in Teplička nad Váhom (Žilina Region), produced 292,050 vehicles and 464,467 engines last year, company spokesman Jozef Bačé announced on Thursday, February 28. This represented a 15-percent year-on-year increase in car production and a 29-percent rise in engine production between 2011 and 2012. The firm generated overall revenue of €3.9 billion in 2012.

"We posted a net profit of €155 million, which is twice as much as the previous year. Investments reached around €120 million and were directed towards installation of new equipment, completion of a new logistics centre and extension of the warehouse and distribution centre," Bačé said, as quoted by the TASR newswire. The Kia Sportage model represented half of the vehicles manufactured (over 136,514), the rest were Kia cee'd (120,600) and Kia Venga (almost 35,000) models.

"An absolute majority of our production was exported, the lion's share (22 percent) headed for the Russian Federation. We expect that we'll produce around the same number of cars this calendar year, which is also indicated by the stable development of commissions," said Bačé. "We fully launched our three-shift production last year. We currently employ 3,900 people and we don't expect any big recruitment in the near future," he added.

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.

Top stories

Another police raid shows lack of equipment and training Video

Police have been waiting for promised body cameras since 2013.

His photo travelled around the globe. He got a punch in the face Photo

For three days, he only had time to take calls and answer emails. Almost all the important global media outlets called or emailed Vladimír Čičmanec.

Vladimír Čičmanec

Talent is not always enough - sport is an expensive hobby

Promising young athletes often do not have the chance to bring their talent to the next level due to lack of funds.

400 types of Slovak seeds will be placed in the World Gene Bank at Spitsbergen Photo

Slovak Agriculture Ministry works is storing the seeds on the Svalbard archipelago.

World Gene Bank in Spitsbergen, Norway