Hyundai motor company inaugurates assembly plant in Ethiopia
Addis Ababa, February 21, 2019 (FBC) – Hyundai Motor Company today inaugurated its assembly plant built in Addis Ababa, Ethiopia, at a cost of half a billion birr.
Hyundai Marathon motor vehicle assembly plant, which is the company’s first assembly plant in East Africa, has the capacity to assemble 10,000 cars in eight different models annually.
The assembly plant is a joint venture with the renowned Ethiopian athlete, Haile Gebreselassie.
The assembly will create employment opportunities for 200 people initially and with the possibility to create 1,000 jobs once it goes fully operational, it was noted.
Hyundai Motor Company CEO, Mr. Won Hee Lee, attended the inaugural ceremony of the assembly plant.