Global automotive parts supplier may pour $100M into Williamson County

URLhttps://williamsoncountytxedp.com/global-automotiv
SourceWilco
Date Published02/14/2024

Additional Reshoring Information:

Company/Division name Hanwha Advanced Materials Georgia, Inc. (HAGA)
Parent companyHanwha Group
Type of work Manufacturing
If manufacturing, is the company a contract manufacturer?Yes
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):800
Year reshoring announced:2023
Capital investment ($):100
Country(ies) from which reshored:Korea, South
City reshored to:Georgetown
State(s) reshored to:TX
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredautomotive parts
What domestic positive factors made reshoring more attractive?Government Incentives, Higher productivity, Lean/other business process improvement techniques, Proximity to customers/market, Upcoming state and county incentives TBD
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