Korean supplier Sungwoo Hitech bought Ford plant in Vsevolozhsk

The Korean auto parts manufacturer SV Rus has acquired the site of the former Ford Sollers plant in the Vsevolozhsk region. The investment project involves the production of components for Hyundai and Kia cars, according to the press service of the government of the Leningrad region. The volume of investments will be 6.8 billion rubles, this amount includes the purchase of the site, its reconstruction and the purchase of equipment. The enterprise will create 520 new jobs.

According to Hon Kwon Pak, General Director of SV Rus, the launch of production in Vsevolozhsk is planned in 2023, and then the company will expand its production site to install a press line.

SungwooHitech (SV Rus LLC) is a Korean manufacturer of auto parts, founded in 1977. The head office is located in South Korea (Busan). Manufactured products are load-bearing elements of a body, doors, bumpers. The main customers of the company are Hyundai, Kia, Renault Samsung Motors, GM Korea Company.

Recall that the Vsevolozhsk Ford plant has been idle since June 2019, when the American company curtailed the production of passenger cars in Russia. The company produced Focus and Mondeo models, and the number of employees at the time of plant closure reached a thousand people. The capacity of the plant in Vsevolozhsk was more than 160 thousand vehicles per year, and Ford's total investment in production since the opening of the plant exceeded $ 400 million.