Vladivostok Novosti Company
May 06, 2008

S. Korean car giant mulls over transit plans

The Vladivostok News

South Korea’s largest automaker Hyundai Motor Company is considering the possibility of transporting auto parts to its car producing factories in Russia and CIS countries through the ports in Nakhodka, a statement from the city administration reported Tuesday.

The offer to consider the regular transits through Primorye’s ports was proposed by the S. Korean delegation at Tuesday’s meeting between the company’s management and Nakhodka’s authorities.

Hyundai Motor Co.’s management is interested in sending large shipments of car parts from S. Korea to the port of Nakhodka and further transporting them by Trans-Siberian railway to car assembling factories, the statement said.

In Russia, Hyundai Motor Company, the world’s sixth-largest automaker, has an assembly line producing cars under the license from Hyundai at the auto assembling plant in the seaport city of Taganrog, south-western Russia, capable of producing up to 120,000 automobiles per year. The construction of Hyundai’s first auto factory in Russia, with an annual production capacity of 100,000 cars, is scheduled for this June in St. Petersburg.

According to the S. Korean businessmen, Hyundai’s growing activities in Russia will require increased equipment, the statement reported. During the first stage, the volume of equipment delivered may reach up to 50,000 forty-foot containers. With the factory in St. Petersburg launched, the volume of containers is expected to double.

Currently, Nakhodka’s ports have several shipping terminals able to handle transshipment of containers from S. Korea further to Taganrog and St. Petersburg, the statement cited Nakhodka’s Mayor Oleg Kolyadin as saying. According to him, five functioning wharfs are planned to be reconstructed as a specialized shipping terminal, with an estimated handling capacity of 400,000 containers per year.

According to the S. Korean delegation, a group of specialists from Seoul will arrive in Nakhodka to examine the possibilities of transit through the city ports, the statement said.
Other materials of this Issue:
Sakhalin, Netherlands happy with cooperation
Disabled children starve in Jewish region
Smoking bus drivers punished in Nakhodka
Rector faces charges for locking up bailiff
Primorye beefs up virus control
Russian, U.S. navy cooks to serve up sandwich styles
3 boys missing in Khabarovsk region
N. Korean worker starves to death in Sakhalin
Man kills masseuse for bad service
Handicapped sportsmen demonstrate power in Arseniev
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