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Nov 1, 2005

Production - China - Kia Building New Chinese Plant

S.Korea -Reuters -1 Nov 2005: -- South Korea's Kia Motors Corp. has begun construction of a new plant in China, the company's second in the Middle Kingdom... Reuters reports that the new plant will cost the company roughly $800 million and will provide about 300,000 units of capacity for the Chinese market... The plant, which is scheduled to open in 2007, is located near Kia's existing plant in Jiangsu province, which it operates as a joint venture with China's Dongfeng Yueda Kia Automobile Co...

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