Hyundai HCN : Motor Manufacturing Alabama to Suspend Production from March 23 - 31, 2020
March 23, 2020 at 12:01 pm EDT
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Montgomery, Ala- Hyundai Motor Manufacturing Alabama (HMMA) will extend its suspension of production of automobiles in Montgomery, Alabama, due to an anticipated decline in market demand related to the economic impact of the COVID-19 pandemic.
HMMA intends to suspend production for seven days beginning March 23, through Tuesday, March 31, 2020. This suspension will reduce production by approximately 10,000 vehicles during these seven days.
During this time, HMMA will compensate team members. Approximately 3,000 HMMA team members living in Montgomery and surrounding areas will be affected by this temporary suspension of production. This production adjustment also will allow HMMA team members, time to manage the needs of their families in light of the state of Alabama's directive to close schools and daycare to stop the spread of the COVID-19 virus.
The rapidly evolving COVID-19 pandemic is requiring Hyundai to carefully manage its manufacturing operations to adjust production to the foreseeable market demand. We will continue to monitor the situation and take appropriate action in a timely manner.
HMMA suspended operations on March 18, to begin disinfecting the plant after a COVID-19 case was confirmed at the plant.
Hyundai Motor Manufacturing Alabama, headquartered in Montgomery, Ala., is an independent manufacturing operation of Hyundai Motor Company, based in Seoul, Korea. HMMA currently produces the 2020 Sonata, Elantra, and Santa Fe. Hyundai cars and sport utility vehicles are distributed throughout the United States by Hyundai Motor America and are sold and serviced by more than 900 Hyundai dealerships across North America.
Hyundai Futurenet Co Ltd is a Korea-based company principally engaged in the digital signage business. The Company operates its business through four segments. The Signage Business segment is engaged in the provision of video contents such as information, entertainment advertisement and others through display screens. The Messaging Business segment is engaged in the provision of message agency services sent by corporates used for reservation, order confirmation, and delivery to customers as well as advertising and other purposes. The Immersive Contents Business segment is engaged in the provision of media art exhibitions and operation of museums. The Cosmetic Materials Business segment is engaged in the manufacture and sale of raw materials for cosmetics, health functional food and other products.
HYUNDAI FUTURENET CO., LTD. 
