Hyundai is one of the Asian car manufacturing that is widening its reach and influence all over the world. They already have factories in the U.S., China, India and Turkey. As their way of reaching into the European territory the Hyundai Motor Company introduced the construction of its Czech Factory last April 25, specifically in Nosovice, North Moravia.

To make a mark, the Hyundai Motor held a groundbreaking ceremony with Hyundai Kia Automotive Group Chairman Chung Moo-koo and Czech Industry and Trade Minister Martin Riman. The construction of this Hyundai factory will be a great benefit to Hyundai in being a global automaker to compete in the global manufacturing industry and it will also revitalize the Czech economy.

Upon completion, the plant is expected to yield 300, 000 cars a year and will produce approximately 3,500 jobs. Since the start of the plant’s construction about a month ago a number of foreign investors have been attracted to invest.