Dated 9th March, I found the news article that Hyundai Motor Company extends shutdown of Russian plant so semiconductor shipments to Europe and Korea.
https://www.etoday.co.kr/news/view/2112493
Here is the translation by Google :
Hyundai Motor Company has extended the ‘shutdown’ of its St. Petersburg plant in Russia. In the aftermath of the Russian invasion of Ukraine, the supply of parts continued to be disrupted. Hyundai Motor is considering temporarily transferring some of the semiconductor shipments allocated to its Russian plants to European and domestic plants for ‘production optimization’ and ‘process efficiency’.
According to the business community and Hyundai Mobis on the 9th, Hyundai Motor is examining the stock of parts at the local plant to minimize damage caused by the extension of the shutdown of the Russian plant, while considering the transfer of automotive semiconductors assigned to Russia to another plant.
Previously, Hyundai Motor Company temporarily suspended the operation of its St. Petersburg plant in Russia from the 1st to the 5th due to supply and demand problems for automotive semiconductors. After that, it was announced that it would restart on the 9th, but it was announced that it would be extended due to disruptions in the supply of parts.
Here is another article dated 8th March : “There is no way to get parts”… Hyundai Motor’s Russian plant shuts down
Hyundai Motor Company has virtually indefinitely suspended operations at its Russian plant. This is because, after Russia’s invasion of Ukraine, major shipping companies to Russia have stopped their flights and the skyway is blocked, making it difficult to bring in parts. Samsung Electronics and LG Electronics, which have factories in Russia, still have inventory, but they are monitoring the situation.
On the 8th, Hyundai Motor Company announced that it would temporarily suspend operation of its plant in St. Petersburg, Russia. Previously, Hyundai Motor Company temporarily suspended operations at its Russian plant from the 1st to 5th due to the shortage of semiconductors for vehicles. Hyundai Motor Company, which had originally planned to restart the factory from the 9th after the Russian Women’s Day holiday (6th to 8th), urgently revised the plan. A Hyundai Motor official said, “Currently, it is difficult to supply parts to Russia in a timely manner.
I found some English articles here for your reference :
March 1, 2022
Russia-Ukraine War Seriously Affecting Hyundai Motor Group
http://www.businesskorea.co.kr/news/articleView.html?idxno=88322
March 3, 2022
Ukraine War Plunges Auto Makers Into New Supply-Chain Crisis
https://www.wsj.com/articles/ukraine-war-plunges-auto-makers-into-new-supply-chain-crisis-11646309152
March 7, 2022
Samsung, Hyundai Motor hurt by closure of freight routes to Russia
https://www.koreatimes.co.kr/www/tech/2022/03/419_325053.html
Car industry reacts to Russian invasion of Ukraine
No War Please. I hope the situation become better soon.
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