Hyundai Invests $290 Million to Improve U.S. SUV Production

URLhttps://www.ien.com/operations/news/22871104/hyund
SourceIndustrial Equipment News
Date Published08/24/2023

Additional Reshoring Information:

Company/Division name Hyundai Motor Manufacturing Alabama
Parent companyHyundai Motor Company
Reshoring category:Foreign Direct Investment
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2023
Capital investment ($):290
Country(ies) from which reshored:Korea, South
City reshored to:Montgomery
State(s) reshored to:AL
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredsport utility vehicles
What domestic positive factors made reshoring more attractive?Higher productivity, Lead time/Time to market
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