Hyundai Mobis partners with southern province to build integrated logistics center for car parts

By Park Sae-jin Posted : November 10, 2022, 17:14 Updated : November 10, 2022, 17:14

[Courtesy of Hyundai Mobis]

SEOUL -- To establish a stable distribution network in South Korea's southeastern region with some 12.7 million population, car parts maker Hyundai Mobis has partnered with local governments to build a mega-sized logistics center.
Hyundai Mobis currently operates four logistics centers and 22 car parts distribution centers across the country. The company provides after-service car parts for Hyundai and Kia vehicles. The company recorded sales of some 41.7 trillion won ($30.1 billion) in 2021, up 13.9 percent on-year, thanks to the expanded lineup for electric motor parts and sport utility vehicle (SUV) parts.
The car parts maker said in a statement on November 10 that the company signed a memorandum of understanding with the North Gyeongsang Province and Gyeongju City. Hyundai Mobis will inject a total of 94.8 billion won to start building the mega-sized logistics center while local governments provide administrative support so that investments can be speedily made. The center will go operational by the end of 2024, Hyundai Mobis said.
The logistics center will be equipped with robot arms for the transport of small and medium-sized products. Its loading bay and cargo storage areas will also be automated. Solar panels will be installed on the rooftop of the logistics center. Hyundai Mobis said that the center will rely 100 percent on renewable energy by 2040. 
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