Report: Hyundai mulls second manufacturing plant in U.S.
With Alabama site running at capacity, automaker looks to capitalize on its market growth.
Automotive News is reporting that Hyundai is facing a supply-and-demand problem – too much demand, and not enough supply.
That may drive the Korean automaker to build a second manufacturing facility in the U.S. to meet the growing demand for Sonatas and Elantras in the U.S. market. Hyundai already has a manufacturing facility in Alabama that has grown up in the new Rust Bely of the mid-South, and company officials told Automotive News that a second plant may be needed to keep up with blossoming orders. "Our biggest problem for the next year is that we're not sure we're going to have enough product to meet demand," Dave Zuchowski, Hyundai's U.S. sales boss, told the Website. The site reports that the Montgomery, AL plant produced 300,500 vehicles in 2010, and already is at full capacity. It's running two 10-hour shifts five days a week and occasional weekend shifts.
Annual Salary Survey
After almost a decade of uncertainty, the confidence of plant floor managers is soaring. Even with a number of challenges and while implementing new technologies, there is a renewed sense of optimism among plant managers about their business and their future.
The respondents to the 2014 Plant Engineering Salary Survey come from throughout the U.S. and serve a variety of industries, but they are uniform in their optimism about manufacturing. This year’s survey found 79% consider manufacturing a secure career. That’s up from 75% in 2013 and significantly higher than the 63% figure when Plant Engineering first started asking that question a decade ago.