Supplier Plans $40M Auto Parts Plant in Georgia Near New Hyundai Complex

URLhttps://www.manufacturing.net/automotive/news/2286
SourceManufacturing.net
Date Published05/24/2023

Additional Reshoring Information:

Company/Division name Hanon Systems
Parent company Hahn & Co. Auto Holdings Co., Ltd.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):160
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2024
Capital investment ($):40
Country(ies) from which reshored:Korea, South
City reshored to:Statesboro
State(s) reshored to:GA
If relevant, work nearshored to:-
Industry(ies):Machinery
Product(s) reshoredautomotive heating and cooling systems
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Proximity to customers/market, Skilled workforce availability/training
Government Incentive dollar amount:$3.2 million state income tax credits
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