Auto parts maker Shinhwa plans $114 million Alabama expansion

URLhttps://www.alabamanewscenter.com/2023/08/19/auto-
SourceAlabama News Center
Date Published08/19/2023
Author NameJerry Underwood

Additional Reshoring Information:

Company/Division name Shinhwa U.S. Auto Corp.
Parent companyShinhwa Group
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):50
Year reshoring announced:2023
Capital investment ($):114
Country(ies) from which reshored:Korea, South
City reshored to:Auburn
State(s) reshored to:AL
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredaluminum EV car components
What domestic positive factors made reshoring more attractive?Proximity to customers/market
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