According to Delovoy Peterburg, citing two sources in the market, the Hyundai car plant in St. Petersburg continues to look for opportunities to restart the assembly line and resume car production.
“Hyundai’s auto plant will continue to look for an opportunity to resume normal production in 2023,” one source familiar with the company’s plans said.
Last year, the plant was unable to find new suppliers for a significant part of the components. It was also not possible to establish their deliveries through the Far Eastern ports – the reason was overloaded railway terminals and a shortage of rolling stock.
“In addition, with such a logistical path, the delivery time increases significantly, as well as the cost of components,” added the interlocutor of Delovoy Peterburg.
A second source confirmed that the plant was facing an inability to procure parts across a range of categories, including electronics, fasteners, oxygen sensors, torsion bar springs, shock absorbers and power windows, a second industry source confirmed.
As far as I know, HMMR tried to resume production, but it was not possible to fully establish the supply of components. In addition to the denial of supplies by European suppliers due to the sanctions imposed on Russia, a similar decision was made by some Russian manufacturers with foreign owners. And some agreed, but raised prices.
The press service of Hyundai Motor Manufacturing Rus declined to comment. Previously Hyundai Motor has officially confirmed that it will sell its plants in Russia and leave the country completely.