Shinhwa Auto USA Corp. has announced plans to expand its manufacturing operation in Auburn, Alabama. The company will invest $114 million to build a new 170,000-square-foot production building, generating 50 new jobs in the process. The project will enhance production of electric vehicle (EV) parts at Shinhwa’s plant. The company will accomplish this by expanding die casting operations and adding processes to produce control arm, knuckle, carrier and motor housing covers for U.S. automakers.
In a recent quote, Kwi Hyun Lee, chairman of Shinhwa Group, said, “We are thrilled to be expanding our business yet again, building new state-of-the-art facilities in Auburn, Alabama, where Shinhwa has a successful business operation since 2019. As one of the most innovative industrial manufacturers of aluminum car components, we are confident that the momentum we have achieved will continue to meet customers’ growing demand for high-quality products.”
Investing in American Manufacturing - 2023
This map shows where manufacturers are choosing to invest their resources, whether they are building new production facilities or expanding existing plants.