Auto parts maker plans $176M Georgia plant to supply Bryan Co. Hyundai facility

URLhttps://www.savannahnow.com/story/news/state/2023/
SourceSavannah Morning News
Date Published10/31/2023

Additional Reshoring Information:

Company/Division name Hwashin America Corp.
Parent companyHwashin Group
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):460
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2025
Capital investment ($):176
Country(ies) from which reshored:Korea, South
City reshored to:Dublin
State(s) reshored to:GA
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredmetal pieces for auto chassis
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Higher productivity, Lead time/Time to market, Proximity to customers/market, Skilled workforce availability/training, Under-utilized capacity, income tax credits
Government Incentive dollar amount:$9.2 million
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