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THE INVESTOR

Automobiles

Hyundai’s China plant resumes operations

  • PUBLISHED :September 08, 2017 - 15:33
  • UPDATED :September 08, 2017 - 15:33
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[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)
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