Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Hyundai’s Piracicaba automotive plant in Sao Paulo, Brazil, has extended the suspension of its second and third production shifts for another 10 days.

 

The carmaker’s Brazil arm, Hyundai Motor Brasil indicated on Thursday that the lack of electronic components for cars, caused by a shortage of semiconductors had forced it to stop the third shift on May 31, and the second one on Jun 16.

 

The Korean manufacturer hopes to resume activity on Jul 12, although it said that it will monitor the situation to determine the duration. The company plans to adapt its production volumes to the weekly condition of parts supply so that production continues even at a slower pace.

 

Piracicaba can manufacture 210,000 vehicles per year, including the HB20, a model that has strong demand in Brazil.

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