April 27, 2024
Automobiles
Hyundai’s China plant resumes operations
[THE INVESTOR] Hyundai Motor said on Sept. 8 that one of its plants in China resumed operations on Sept. 8 following a three-day suspension after a German company refused to supply auto parts due to payment problems.
On Sept. 5, Hyundai’s plant in Cangzhou, Hebei district, was brought to a halt as the supplier stopped delivering air intake components due to delayed payments.
“We persuaded the German company to resume supplying parts to the No. 4 plant (in China). We are in talks to resolve the payment issue,” a company spokesman said over the phone.
On Aug. 30, Hyundai’s four plants in China resumed operations after a weeklong suspension due to parts supply issues.
Then, a Chinese supplier stopped providing plastic fuel tanks to the plants -- one in Cangzhou and three in Beijing -- after it reportedly did not receive 18.9 billion won (US$17 million) from Hyundai.
By Alex Lee and newswires (alexlee@heraldcorp.com)
On Sept. 5, Hyundai’s plant in Cangzhou, Hebei district, was brought to a halt as the supplier stopped delivering air intake components due to delayed payments.
“We persuaded the German company to resume supplying parts to the No. 4 plant (in China). We are in talks to resolve the payment issue,” a company spokesman said over the phone.
On Aug. 30, Hyundai’s four plants in China resumed operations after a weeklong suspension due to parts supply issues.
Then, a Chinese supplier stopped providing plastic fuel tanks to the plants -- one in Cangzhou and three in Beijing -- after it reportedly did not receive 18.9 billion won (US$17 million) from Hyundai.
By Alex Lee and newswires (alexlee@heraldcorp.com)
