Hyundai Power Transformers announces $33 million expansion, to create 86 jobs

Date Published04/17/2018
Author NameWilliam Thornton
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Hyundai Power Transformers USA
Parent companyHyundai Heavy Industries
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):86
Year reshoring announced:2018
Capital investment ($):33
Country(ies) from which reshored:Korea, Republic of
City reshored to:Montgomery
State(s) reshored to:AL
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredtransformers
What domestic positive factors made reshoring more attractive?Automation/technology, Government Incentives, Image/brand, Impact on domestic economy, Skilled workforce availability/training
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