Kia 2006 Annual Report Download - page 11

Download and view the complete annual report

Please find page 11 of the 2006 Kia annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 102

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102

The completion of overseas factories
is another step towards our vision to
create a truly global operation.
Solidifying
Global Steps
Hyundai Motor and Kia Motors plan to thrive and develop as a global automaker,
so we need continuing growth in production and sales. Hyundai Motor and Kia
Motors’ 2006 global sales reached 3.8 million units, and the target for 2010 sales is
more than 5 million units. In 2006, the portion of Kia Motors’ sales that were global
was 1.2 million units. We’re targeting 2 million units in global sales for 2010.
Despite fierce competition, we see a broader and brighter horizon ahead. We at
Hyundai Motor and Kia Motors therefore intend to expand overseas factories to
guarantee localized production and maximize local sales. Kia Motors total overseas
manufacturing capacity will reach to 1.03 million units until 2009 ; our China No.1
plant currently has a capacity of 130 thousand units and our China No.2 plant,
which will have a production capacity of 300 thousand, is scheduled for
completion by the end of 2007 ; our recently completed European plant has a
production capacity of 300 thousand ; lastly, our U.S. Georgia plant will have a
capacity of 300 thousand units with the completion in 2009.