aBr MOVE October 2014 Oct 2014 | Page 36

Trucking opens commercial vehicle assembly plant Hyundai Automotive South Africa At this stage most of the trucks pro- cent share in the medium commercial officially opened a commercial duced in the plant will be distributed vehicle market,” says Griffin. vehicle assembly plant on in the South African market, but the company is investigating options to the East Rand of Gauteng in export to markets in the Sub-Saharan September as part of a multi- region. Of the vehicles assembled in million rand investment in its local Commercial Vehicle division. “ T the Benoni plant, 20 percent will be exported to Botswana and Namibia as part of the immediate plans. Hyundai Automotive SA established the fac- he opening of this assembly plant forms an ideal platform from which to strengthen our business strategy, both in terms of commercial market growth and sustainability, as well as an increasing commitment and investment in the South African economy,” says Wade Griffin, director of Commercial Vehicles at Hyundai Automotive SA. tory by buying an existing plant from Imperial Holdings as part of a R110 million investment in the Commercial Motor Company’s Commercial Vehicle division in Korea to assist with the local training and development of staff to ensure that best practices are followed in the assembly process. From here, office of Hyundai Automotive SA will be local assembly to capitalise on for our responsible for ongoing training. “We have already produced the first ate jobs in an economy that is in dire need of such opportunities.” The rationale behind the Semi-KnockedDown (SKD) assembly plant in Apex, the industrial area of Benoni, was largely driven by a long-term strategy to grow Hyundai’s share in the South African commercial vehicle market, to be more competitive and to increase Hyundai’s investment in the country’s economy. The initial aim is to produce 50 units a month, focusing specifically on the Hyundai HD65 and HD72 trucks 34 • logistics in action competitive business model and create further jobs in the local economy. “We are obviously at an early stage in the development of the local operation, but we are already examining the expansion of locally produced parts for our assembly line,” says Griffin. ber of trained engineers from Hyundai opportunities through investment and help to impro