|Type||Joint Stock Company|
|Area served||Cyprus, European Union, Northern Cyprus, Turkey|
|Industry||car dealership & automotive industry|
|Products||automobiles & motor vehicles|
Hyundai Motor (South Korea)|
Kibar Holding (Turkey)
The Hyundai Assan Otomotiv San ve Tic. A.Ş. is a joint venture between the South Korean Hyundai Motor Company and Turkey's Kibar Holding. Starting initially as an importer in 1990, a decision was taken on 25th September 1995 to open an assembly plant in İzmit. The opening ceremony of the plant was held on 20th September 1997.
A total investment of 180,000,000 USD was needed to construct the assembly plant, covering 108,000 m² of the 233,000 m² premises. Annual production capacity is 125,000 units, and the company is currently the fifth largest automaker in Turkey. In a customer satisfaction survey, Hyundai Assan climbed to first place with a network of 50 dealers and 90 authorized garages.
As a result of unexpectedly high demand, Hyundai Assan invested in a second assembly plant, partnering with Anadolu Isuzu Automotive Industry & Trading A.Ş., located in Kozyatağı. The plant is used by both companies for CKD assembling. Officially, this is not a joint venture, nor is there an official owner.
A vehicle's plant of assembly can be identified through the vehicle identification number. The İzmit Assembly Plant's identification code is "NLJ", whilst the Kozyatağı Assembly Plant's identification code is "NLH".
|This page uses some content from Wikipedia. The original article was at Hyundai Assan Otomotiv. The list of authors can be seen in the page history. As with Tractor & Construction Plant Wiki, the text of Wikipedia is available under the Creative Commons by Attribution License and/or GNU Free Documentation License. Please check page history for when the original article was copied to Wikia|