Company/Division name | Hanwha Advanced Materials Georgia, Inc. (HAGA) |
Parent company | Hanwha 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) reshored | automotive 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 |