The ex-Hyundai Motor plant - Hyundai Motor Manufacturing Rus in St. Petersburg - has emerged from downtime after a nearly two-year hiatus. Before the plant's shutdown on March 1, 2022, it produced Hyundai Creta, Hyundai Solaris, Kia Rio, and Kia Rio X-Line.
The South Korean company sold its assets of the enterprise to the Russian company "Art-Finance" for a symbolic price at the end of December 2023 and stated that it incurred losses of $219.19 million. Along with the plant's facilities, the new owner obtained the right to use warehouse stocks of components for assembling Hyundai Solaris, Hyundai Creta, and Kia Rio, but not under brands associated with Hyundai. This is estimated to be more than ten thousand cars.
For now, the plant is only beginning to return to its former life - according to the company's press service, work is currently underway to train employees and service equipment. The company's staff is about 800 people - it was optimized in February 2023.
The Ministry of Industry and Trade previously noted that the department expects the first cars to roll off the assembly line of this plant after its launch by mid-year.
Hyundai Motor has already assured that it is not completely leaving the country: all obligations for warranty and service maintenance of its cars in Russia will be fulfilled.
Now on home
The reason for indexation may be inflation, an increase in VAT, and rising production costs
The Ministry of Industry and Trade believes that the increase in the levy will not affect responsible manufacturers
The crew accelerated the aircraft to 580 km/h instead of the cruising speed of 450 km/h
Ship equipment comes to Russia from China at inflated prices
Almaz-Antey and the Belarusian Ministry of Defense signed a contract for equipment maintenance
The complex's computing resources allow for the competent distribution of targets between launchers
Among the spacecraft are Aist-2T No. 1 and No. 2
Deputy Prime Minister Novak announced a postponement of the deadlines, but confirmed the commitment to developing the sector
Design engineers without experience are promised salaries from 80 thousand rubles
Hard and dense shot ensures the destruction of the target from the first hit, regardless of the drone's body material
Almost all body elements are zinc-treated
SOGAZ lost the case in court against UEC-UMPO