Kinstellar has advised South Korea’s Hyundai Mobis on the negotiation and conclusion of an investment agreement with the Government of the Czech Republic in support of a new automotive headlight plant in the Mosnov industrial zone in the Novy Jicin district.
The company expects to create more than 900 direct jobs and to stimulate the creation of additional jobs at Mobis’ local subcontractors. Hyundai Mobis’ investment in the construction of the Mosnov plant will total CZK 4 billion (more than EUR 145 million).
The investment agreement with Hyundai Mobis was concluded several weeks after the announcement of Nexen Tire Corporation’s investment of more than CZK 22 billion (more than EUR 800 million), which the Government of the Czech Republic approved last month. Kinstellar, which represented Nexen during negotiations with the Czech government, describes that deal as being "the third largest FDI project in the Czech Republic."