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News of May 22, 2002

Hyundai Motor America Celebrates the Grand Opening of Its First Baltimore Port Processing Facility

The 55,000 Square Foot Facility Will Create More Jobs, Provide Faster Service To Eastern Region Dealers

FOUNTAIN VALLEY, Calif. - Hyundai Motor America (HMA), Amports and the Maryland Port Administration today celebrated the grand opening of a vehicle processing center at the Port of Baltimore. The Baltimore facility, owned and operated by Amports, is HMA's sixth U.S. port. It is the second processing center opening in the past year.

Shipments began in April 2002 to this 55,000 square-foot facility. Completely renovated, Hyundai's Baltimore Port facility exclusively processes Hyundai vehicles and is one of HMA's most efficient and impressive processing facilities. The port is expected to process more than 47,000 vehicles each year and will create 300 jobs in the region, including 30 at Amports, the company responsible for processing the vehicles. Amports will invest more than $6 million in facility enhancements in the upcoming year.

"The Baltimore port plays an important role in ensuring the efficient processing of our high-quality, high-value vehicles and providing improved, faster service to our dealers," said Finbarr O'Neill, president and CEO for Hyundai Motor America. "In addition, the opening of the Baltimore port, our sixth port processing center in the U.S., further demonstrates the company's ongoing commitment to the North American market."

All vehicles for the states of Maryland, Virginia, West Virginia and Delaware as well as the southern portions of Pennsylvania and New Jersey will be processed at the facility. The six states were previously serviced by the company's Newark, New Jersey port. HMA utilizes five additional processing centers in Portland, Ore., Wilmington, Calif., Brunswick, Ga., Newark, N.J. and an inland center in Alliance, Texas.

In the past ten years, more than 3.5 million vehicles have rolled through the Port of Baltimore, with a steady increase in recent years. In 2000, more than 500,000 vehicles moved through the port's public and private terminals.

(May 21, 2002)

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