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HYUNDAI EXPANDS PORT OF PORTLAND OPERATIONS

 HYUNDAI EXPANDS PORT OF PORTLAND OPERATIONS
 FOUNTAIN VALLEY, Calif., Sept. 4 /PRNewswire/ -- Hyundai Motor


America will double its vehicle imports through the Port of Portland, Ore., company and port executives announced today.
 The Port of Portland will now serve as the primary United States port of entry for Hyundai vehicles, processing about 75 percent of Hyundai's total vehicle imports into the United States. Approximately 100,000 cars, up from a current volume of 55,000, will now be "landbridged" by railway and truck to 43 states throughout the United States from the Portland terminal.
 Hyundai's "Landbridge Project" has been in the planning stages for many months and is currently being implemented as 1993 model cars begin arriving at the port.
 "The Landbridge Project will result in greater efficiency in vehicle delivery to our dealerships nationwide and provide us a significant cost savings in our import operations," according to Bob Parker, vice president of sales, Hyundai Motor America. "We have always received a tremendous amount of support and cooperation from the port and the local unions since our operations began in Portland in 1986, which was an important factor in our decision to expand operations here."
 Sen. Bob Packwood, R-Ore., whose phone call to Hyundai Chairman S.Y. Chung was instrumental in Hyundai's decision to begin using the Port of Portland in 1986, said, "Hyundai's decision to use Portland as its primary port of entry is very satisfying to me. In the past six years, the Port of Portland has proven itself to Hyundai, as I knew it would. This expansion project will bring more family wage jobs to the area and will give a boost to the local economy."
 According to the Port of Portland's economic projections, an increase of approximately 45,000 cars per year will generate nearly 100 jobs. The projected 100,000 volume per year is expected to result in $45.4 million in total business revenues to the Portland area as well as almost $800,000 per year in state and local taxes.
 "We are gratified that Hyundai has recognized Portland's advantages as an international trade gateway port with enormous inland distribution capabilities," Port of Portland Executive Director Mike Thorne commented. "This didn't happen by chance. We've planned, built and marketed carefully. Hyundai's being here is our highest reward."
 Hyundai began importing cars through Portland in 1986. In 1989, Hyundai constructed a $12.3 million facility at the port's Terminal 6, which included a dock, terminal and processing facility. Port Services Inc., a port processing company, will continue to handle Hyundai's vehicle processing, and Burlington Northern will continue to be the major rail transporter for Hyundai out of Portland to its nine railheads. From the railheads, vehicles are distributed to the dealers by various auto transporters.
 "We look forward to our continued partnership with the Port of Portland," said Hyundai's Parker. "The Landbridge Project not only makes good business sense but represents our continued commitment to Portland as well as our dealers."
 -0- 9/4/92
 /CONTACT: Dotty Diemer of Hyundai, 714-965-3470/ CO: Hyundai Motor America; Port of Portland ST: California, Oregon IN: AUT MAR SU:


LS-KJ -- LA001 -- 6820 09/04/92 09:15 EDT
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Date:Sep 4, 1992
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