Hyundai Motor Manufacturing Czech, the Czech unit of Hyundai, saw a sharp rise in sales and revenues from cars produced at its Nošovice plant during the first quarter of the year. The company launched production of the new i30 hatchback in January, which now accounts for around a third of total output from the plant.
The Czech Republic is almost constantly battling against its CEE neighbors to attract large foreign investors for whom government incentives such as tax breaks can be decisive when choosing a location for an investment venture. In given the current economic climate and downturn in investments less-developed regions especially would benefit from large inflows of investment capital, writes Jindra Předotová, a consultant at Deloitte Advisory.
Just a year ago, 35-year-old Martin Staszko from the industrial town of Třinecin the Moravia-Silesia region was a shift manager at the Hyundai car plant in Nošovice. In the early hours of Wednesday he collected $5.43 (around Kč 101 million) after coming second from 7,000 players at the World Series of Poker in Las Vegas, making him a hometown hero.
Building work has begun on a new production hall at Hyundai’s plant in Nošovice, Moravia-Silesia, after the regional administration rejected several objections an issued planning permission. The South Korean car maker wants to launch production at the new hall in the autumn and take on 650 new employees before the end of the year and a further 250 in 2012.
Hyundai’s Czech car plant in Nošovice, Moravia-Silesia region, has reported a profit of $109.6 million (Kč 1.89 billion) for 2010. This is the first time the South Korean car producer has posted a full-year profit at the plant since production was launched in 2008. The Nošovice plant posted a loss of $90.7 million in 2009.
Vít Klusák’s new documentary follows the impact of the construction of a Hyundai Motor Company plant in Nošovice. “All for the Good of the World and Nošovice!” is not just about a former cabbage field that now yields cars, it is also the first Czech documentary to criticize an international corporation. The film looks into the tactics used to get the land before the plant was built, and the working conditions there now. And, of course, there is the famous Nošovice sauerkraut.