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Hyundai Building New Headquarters in California

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Hyundai Building New Headquarters in California

By Marty Padgett

Editorial Director

September 15th, 2010

Hyundai says it's firmly a California citizen this morning with the announcement of a new headquarters building in Orange County, Calif.

Hyundai has been in Orange County since 1985, when it launched the brand in America with the Excel compact.

The Korean automaker says it will spend $150 million to construct new offices on its existing compound in Fountain Valley, Calif. The project is expected to take two years, and will almost double the automaker's available space, giving it room for 1400 employees versus today's 700 desks.

"This investment ensures that Orange County will remain Hyundai's U.S. hub, with our headquarters in Fountain Valley, for the foreseeable future," said John Krafcik, president and CEO, Hyundai Motor America. "The new building will give us the flexibility to grow with our brand, reflect our modern design sensibility, and showcase our commitment to sustainability."

Hyundai also says its employees will have to move to temporary offices while the existing structures are replaced with the new building--which will be LEED-certified, in fitting with Hyundai's goal to remain the most fuel-efficient automaker in the U.S. and to hit an aggressive fleet fuel-economy target of 50 mpg by 2025.

At its California offices, Hyundai product planners and management are responsible for adapting products developed by their Korean counterparts for the U.S. market, and in some cases -- as with the 2011 Hyundai Sonata -- for working with Hyundai manufacturing in Alabama to engineer products for assembly.

Hyundai has been one of only a handful of automakers to increase sales and market share in the current recession. The new Sonata has doubled sales; the 2011 Equus launches this fall as a competitor for the Lexus LS range; and a new 2011 Elantra compact sedan is due late this year, to be joined by a sporty car based on the same architecture, and previewed as the Veloster concept.

link:

http://www.thecarconnection.com/marty-blog/1049370_hyundai-building-new-headquarters-in-california

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Hyundai building new California headquarters

by Zach Bowman (RSS feed) on Sep 15th 2010 at 1:33PM

Hyundai has announced plans to build a new North American headquarters in Orange County, California. The $150 million project will take nearly two years, create a projected 1,530 new construction jobs and generate a total economic impact of around $273 million. At least that's what the Los Angeles County Economic Development Corporation is hoping.

The Korean automaker is planning to start construction at its Fountain Valley Campus by mid 2011. The new facility will boast 500,000 square feet of both floor and garage space, effectively doubling the capacity of the current headquarters. Hyundai says that the building will be able to house a total of 1,400 employees – doubling the company's current workspace.

Hyundai has called Orange County home since it landed in America in 1985, and the company says that its new building underscores its commitment to the greater Los Angeles area. Hit the jump for the full press release.

[source: Hyundai]

Show full PR text

Hyundai to Build New Orange County, California Headquarters

Hyundai Motor Company Chairman Chung Meets with Gov. Schwarzenegger, Commits to Investing Some $150 Million in New Building and Growing Employment in California

FOUNTAIN VALLEY, Calif., Sept. 15 /PRNewswire/ -- In a meeting today with California Gov. Arnold Schwarzenegger, Hyundai Motor Company Chairman Mong-Koo Chung committed to build a new North American headquarters in Orange County - Hyundai's home since its arrival in the United States in 1985. The new building will be constructed on Hyundai's current Fountain Valley campus, securing the company's long-term future in California. Hyundai will invest about $150 million, the largest investment ever made by Hyundai Motor Company in the state. During the approximately two-year project, it is estimated that as many as 1,530 new construction jobs will be created with a $273 million total economic output, according to the Los Angeles County Economic Development Corporation.

The new facility will double the size and occupant capacity of the current headquarters. Plans call for approximately half-a-million square feet in floor and garage space, growing considerably from today's current 220,000 square-foot structure. Capacity will grow to approximately 1,400 occupants, up from 700. Construction is expected to begin in mid 2011 and be completed by the end of 2012. Hyundai employees will work from temporary office space in Orange County during that time. In line with Hyundai's commitment to sustainability, all construction will be LEED certified.

"This investment ensures that Orange County will remain Hyundai's U.S. hub, with our headquarters in Fountain Valley, for the foreseeable future," said John Krafcik, president and CEO, Hyundai Motor America. "The new building will give us the flexibility to grow with our brand, reflect our modern design sensibility, and showcase our commitment to sustainability."

Hyundai Motor Company has grown to become the fifth largest automotive company in the world, taking the global leadership position thanks to its focus on quality and innovation. California in particular is a critical market for Hyundai and a barometer of success in the United States. Since its start in 1985, Hyundai has housed its U.S. Headquarters in California, contributing vastly to the state's economy. Currently, in California, the company:

-- Employs approximately 1,400 people

-- Invested $152 million in facility development

-- Oversees 63 franchised California dealers

Hyundai Facilities Across California

-- California City - Proving Grounds

-- Chino - Technical Center

-- Costa Mesa - Logistic Operations

-- Fountain Valley - Regional Sales Office

-- Fountain Valley - Hyundai Motor America, U.S. Headquarters

-- Huntington Beach - Innocean Worldwide Advertising

-- Irvine - Design and Technology Center

-- Irvine - Hyundai Capital

-- Ontario - Parts Distribution Center

-- Port Hueneme & Richmond - Port & Vehicle Processing

LINK:

http://www.autoblog.com/2010/09/15/hyundai-building-new-california-headquarters/

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HYUNDAI TO BUILD NEW HEADQUARTERS IN ORANGE COUNTY, CALIFORNIA

By Mark Kleis

California Governor Schwarzenegger met today with Hyundai Motor Company chairman Mong-Koo Chung to discuss the commitment to build the automaker's new North American headquarters in Orange County.

Hyundai has been based out of Orange County since it first arrived in 1985, but as the automaker continues to grow, it continues to need larger and more current facilities. The newest headquarters will have twice the capacity for employment as the current facility.

In addition to doubling occupancy to 1,400, the building will house 500,000 square feet of floor and garage space, compared to just 220,000 at the current headquarters.

Hyundai says it will be spending $150 million to fund the construction, which will take place on Hyundai's existing Fountain Valley campus. The Los Angeles County Economc Development Corporation estimates that the total economic impact will include up to 1,530 new construction jobs and $273 million of economic output.

The project is expected to last two years and will begin in mid-2011.

LINK:

http://www.leftlanenews.com/hyundai-to-build-new-headquarters-in-orange-county-california.html

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