Auto parts manufacturer Shinhwa announces $78 million Auburn expansion with 42 new jobs

Vehicle areas supplier Shinhwa Automobile Usa Corp. nowadays announced a $78 million expansion of its Auburn functions, with programs to retain the services of 42 in excess of the next three a long time.

The firm, which supplies areas for Montgomery’s Hyundai plant and Kia in West Stage, Ga., will construct a 400,000-sq.-foot factory across from its current site in Auburn Technologies Park West.

The enlargement will assist electric car manufacturing. Previous month, Hyundai Motor Manufacturing Alabama in Montgomery announced it will afterwards this yr get started building the Electrified Genesis GV70 and the hybrid edition of the Santa Fe.

Gov. Kay Ivey stated the enlargement represents $190 million in investments Shinhwa has built in Alabama.

“This is a terrific instance of the constant innovation and breakthroughs in manufacturing — specifically in the automotive sector — appropriate in this article in Alabama,” Ivey said.

Shinhwa started its Auburn facility in 2019, and introduced a $42 million growth in past November to add high-tension aluminum die casting and publish-processing equipment.

“This new facility will give us higher potential for aluminum automotive pieces, together with both die casting and machining functions, allowing for us to more diversify our customer foundation,” Kwi Hyun Lee, founder and CEO of the Shinhwa Team, stated. “This elevated ability will give us the potential to give greater guidance for the electrical car or truck market place below in the U.S.”

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