Automobile areas provider Shinhwa Auto United states of america Corp. today announced a $78 million enlargement of its Auburn operations, with plans to employ the service of 42 around the up coming 3 years.
The company, which provides parts for Montgomery’s Hyundai plant and Kia in West Place, Ga., will construct a 400,000-sq.-foot factory across from its existing locale in Auburn Technological know-how Park West.
The expansion will assistance electric powered car or truck generation. Final thirty day period, Hyundai Motor Producing Alabama in Montgomery introduced it will afterwards this yr start out making the Electrified Genesis GV70 and the hybrid version of the Santa Fe.
Gov. Kay Ivey explained the expansion signifies $190 million in investments Shinhwa has designed in Alabama.
“This is a terrific case in point of the regular innovation and breakthroughs in production — especially in the automotive sector — ideal in this article in Alabama,” Ivey reported.
Shinhwa commenced its Auburn facility in 2019, and announced a $42 million growth in past November to include high-strain aluminum die casting and submit-processing devices.
“This new facility will give us increased ability for aluminum automotive parts, which includes both die casting and machining operations, letting us to more diversify our buyer base,” Kwi Hyun Lee, founder and CEO of the Shinhwa Group, mentioned. “This greater capacity will give us the skill to present larger help for the electrical car or truck marketplace here in the U.S.”
