(MENAFN) South Korean carmaker Hyundai Motor Co. said it has set up a joint venture with Algeria's Global Group to produce commercial vehicles in the North African country.
Hyundai Truck and Bus Manufacturing Algeria will build a complete knockdown (CKD) unit assembly plant, with an annual output capacity expected to reach 6,500 vehicles in the industrial city of Batna.
The company intends to produce CKD kits of models, such as the Mighty compact and Xicent trucks and Solati and County buses, at its domestic plants and then ship the components to the Algerian plant for assembly.
Engines and other core components for the vehicles will be produced in South Korea and sent to the overseas factory.
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