Hyundai 2001 Annual Report Download - page 21

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With a total global production capacity of
2.4 million units, Hyundai has acquired the
necessary economies of scale to compete on
an equal footing with the world’s leading
automakers. Domestic plants at Ulsan, Asan
and Chunjoo account for 1.9 million units
while overseas capacity now reaches 500,000
units led by our India and Turkey plants.
Comprised of five plants capable of
producing 1.5 million vehicles annually, the
mammoth-sized Ulsan complex stands on a
4.8 million sq.m. site making it the world’s
single largest auto plant. Its output spans
everything from the Atos minicar to the
Equus/Centennial luxury car. Ulsan is also the
home of the Verna/Accent, Avante/Elantra,
Tuscani/Coupe, Santa Fe, Trajet,
Lavita/Matrix, Starex/H-1, Porter/H-100 and
Terracan. Asan, devoted exclusively to
sedans, builds 300,000 Sonatas and
Grandeur XGs annually while the Chunjoo
plant is capable of turning out 100,000 trucks,
buses and special purpose vehicles each year.
In response to competitive pressures,
Hyundai is leveraging new technologies and
its advanced management skills to raise
productivity levels on par with the world’s top
five automakers by 2005. Supplying kits to
CKD assembly plants provides us with an
effective entry strategy into smaller,
developing markets but the company also
operates partially- and fully-invested plants
which have independent, self-sufficient
manufacturing capabilities. Located in Turkey
and India, these plants play a pivotal role in
the company’s plans to globalize its business
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2001 Annual Report Hyundai Motor Company