Hyundai Supplier Plans $76M Georgia Plant

URLhttps://www.ien.com/operations/news/22684564/hyund
SourceIEN Industrial Equipment
Date Published02/02/2023
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Hyundai Motor Group
Parent companyHyundai Motor Company
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):500
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2024
Capital investment ($):76
Country(ies) from which reshored:Korea, Republic of
City reshored to:Savannah
State(s) reshored to:GA
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshorednterior,exterior car parts including door trim
What domestic positive factors made reshoring more attractive?Automation/technology, Government Incentives
Government Incentive dollar amount:$3.1 million in state income tax credits
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