Hyundai Motor Manufacturing Alabama Reves Up $388 Million Montgomery, Alabama Engine Head Plant

URLhttp://www.areadevelopment.com/newsItems/5-30-2018
SourceArea Developement
Date Published05/30/2018
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Hyundai Motor Manufacturing Alabama
Parent companyHyundai Motor Group
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):50
Year reshoring announced:2018
Year reshoring implemented or to be implemented:2018
Capital investment ($):388
Country(ies) from which reshored:Korea, Republic of
City reshored to:Montgomery
State(s) reshored to:AL
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredEngine heads
What domestic positive factors made reshoring more attractive?Automation/technology, Eco-system synergies, Government Incentives, Higher productivity, Image/brand, Impact on domestic economy, Skilled workforce availability/training
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