South Korea-Based Hyundai Translead Plans Will County, Illinois, Manufacturing Operations

URLhttps://www.areadevelopment.com/newsItems/4-7-2026
SourceArea Development
Date Published04/07/2026

Additional Reshoring Information:

Company/Division name Hyundai Translead
Parent companyHyundai Motor Company
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):2500
Year reshoring announced:2026
Offshore, work was done:In-house
Domestically, the work will be done:In-house
Capital investment ($):450
Country(ies) from which reshored:Korea, South
City reshored to:Joliet
State(s) reshored to:IL
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredcommercial vehicle trailers
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Impact on domestic economy, Proximity to customers/market, Under-utilized capacity
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