Hold off investments: company postponing future planned investment/development/marketing while continuing substantive business

Wait Pausing Investments

Hyundai Motors is a South Korean multinational automotive manufacturer. Hyundai operates the world's largest integrated automobile manufacturing facility in Ulsan, South Korea which has an annual production capacity of 1.6 million units.

Hold off investments: company postponing future planned investment/development/marketing while continuing substantive business

Wait Pausing Investments

Global 500, is an annual ranking of the top 500 corporations worldwide

Global 500

Top 100 largest companies in Russia by revenue

Top 100
Revenue(RF), mln.USD
6594
Staff
4974
Capital, mln.USD
2653
Taxes, mln.USD
824
Glob.Revenue, mln.USD
91581
Assets, mln.USD
2839

The company builds about 200,000 vehicles per year in Russia, about 4% of its global production capacity.

The Company Statement
December 19, 2022

Hyundai Motor Manufacturing Russia are suspended until further notice due to ongoing global logistics issues with components delivery. South Korea's Hyundai Motor is considering options for its suspended Russia operations that could include selling its manufacturing plant there, South Korean media reported.

October 18, 2022Hyundai Motor is considering selling its Russia plant - media report
May 03, 2022Koreans circumvented sanctions: Hyundai and Kia will continue to work in Russia
March 01, 2023Hyundai plant in St. Petersburg suspended work
March 04, 2022Hyundai Motor says unsure when Russian plant operations will resume
All company names used on this web page are for identification purposes only. All trademarks and registered trademarks are the property of their respective owners.