Hyundai Officials Set to Sign Agreement - WSFA.com Montgomery Alabama news.

April 15, 2002

Hyundai Officials Set to Sign Agreement

Hyundai officials are on their way to Montgomery for the official groundbreaking ceremony for the new Hyundai auto plant scheduled for Tuesday in Hope Hull. The 1,650-acre site is off Interstate 65, south of Montgomery.

The South Korean automakers are scheduled to arrive in Montgomery Monday and are expected to sign a formal agreement with Governor Don Siegelman in the governor's office Monday evening.

Hyundai announced on April 1st it would build the $1-billion plant in Alabama. It is expected to employ about 2000 workers and produce 300,000 vehicles a year by 2005.

Workers have been busy throughout the day getting ready for Tuesday's groundbreaking event. Both the chairman of Hyundai and the governor will speak at Tuesday's ceremony, as will a number of federal and local officials from both Korea and Alabama.

After the ceremony invited guests will have lunch in a big tent set up on the future plant site, where both Korean and Southern foods will be served and the Montgomery Symphony is scheduled to perform. Welcoming signs, written in both English and Korean, have been set up on the site.

About 2,000 invitations to the groundbreaking were sent out and the Hyundai contingent is expected to number between 200 and 300 people.

WSFA will carry the entire Hyundai groundbreaking ceremony live starting Tuesday morning at 11:00 a.m.

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