Kia Motors recently pulled a half billion dollar bond sale for an assembly plant to be built near West Point.
Despite the move, state officials say there are no changes in Kia's plans to go ahead with the project.
"Everything is on schedule, and we expect it to go forward as planned," said Allison Tyrer of the state Department of Economic Development. Tyrer made the comments in response to reports of concern by Wall Street investors.
She adds that initial construction for a state-funded training facility has already started. Officials say they expect KIA to begin construction in the next few months.
The $1.2 billion factory is scheduled to be completed in 2009. Officials say the facility will employ 2800 workers, and provide another 2600 additional service positions.
Friday, June 29, 2007
Kia kills bond, but officials optimistic
