Kia to double capacity at Slovak engine plant

Newswire

TEPLICKA NAD VAHOM, Slovakia, April 24 (Reuters) - Kia Motors will invest 110 million euros to double the capacity of its engine plant in Slovakia, Kia Motors Slovakia President In Kyu Bae said on Tuesday. The amount is below the 8.1 billion crowns ($326.7 million) figure given by the Slovak government earlier. The president said the engine plant extension should be launched in mid-2009 and the entire plant would reach full capacity of 600,000 units in 2011.

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