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Kia’s Slovak plant reports double profit for 2012

Kia Motors’ plant in Zilina region, Slovakia, reported a net profit for last year of €155.46 million, up from €68.63 million in 2011, according to press agency TASR. The plant’s sales also increased 17.7% to €3.92 billion ($5.1 billion) in 2012. The plant located in the north of the country announced earlier that car output was 15% higher, at a record 292,050 units last year. The South Korean carmaker also announced that engine production, including engines supplied to parent company Hyundai at its Nosovice plant in the east of the Czech Republic, rose 29% to over 464,467 units. The company said it spent €120 million last year to boost capacity, add new technology and complete the construction of a logistics center. The sum was two-fifths smaller year-on-year.