Vehicle import business makes use of old South Philadelphia facility
Wednesday, April 21st, 2010
Hyundai Motor Company has reached a deal with the Philadelphia Regional Port Authority and Holt Logistics Corporation to bring a vehicle import business to the waterfront.
Hundreds of new jobs are expected to come along with it.
The port's Pier 98 Annex, which is currently a parking lot at Columbus Boulevard and Oregon Avenue in South Philadelphia, will soon be home to a bustling car-finishing import facility for Hyundai and Kia vehicles.
150,000 cars are expected to be imported each year, and the deal is likely to create 276 jobs locally and 415 jobs for the region.
Governor Ed Rendell says this announcement keeps the region economically competitive
The best news is that these are all good family sustaining jobs, all pay terrific wage, put Philadelphians to work, people from region to work and it's a great plus for us.
The work includes unloading the vehicles and preparing them for sale. Once processed, the cars will be sent by truck or rail to dealer showrooms.
The ninety acre site is expected to be up and running in May.