Yura Corporation

History

2025: The resumption of the plant in the Leningrad region, which was stopped in March 2022

The Russian division of the South Korean company Yura Corp. resumed the production of components at the plant in Ivangorod, Leningrad Region. The company "Yura Corporation Rus" launched the production of electrical wiring for cars after a three-year downtime. This was announced in May 2025 by Dmitry Yalov, Deputy Prime Minister of the Leningrad Region for Economics.

According to TASS, the plant supplies components for the AGR automobile plant in St. Petersburg, which previously belonged to Hyundai. Dmitry Yalov noted that 182 employees are involved in full working hours. The official stressed that the plant is alive and working.

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Фото: Freepik

The Ivangorod branch of Yura Corp. has specialized in the manufacture of wiring for Hyundai machines since 2008. The company suspended its activities in March 2022 due to a lack of components and a shutdown of the Hyundai plant. Work resumed after the change of ownership of the St. Petersburg Automobile Plant.

Before the shutdown of production, about 1.7 thousand employees worked at the enterprise, according to Online47 as of February 2021. Every year, the Ivangorod enterprise produced electrical wiring for 255 thousand cars. The downtime was extended repeatedly after the cessation of production.

The Governor of the Leningrad Region, Alexander Drozdenko, reported in May 2022 that about 10 thousand people were idle in the region. Among them were employees of the Tikhvin Carriage Building Plant and Yura Corporation RUS. All employees were guaranteed a payment of at least 2/3 of the average earnings.^[1]

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