Hyundai marks opening of $388 million engine facility in Montgomery

URLhttp://bit.ly/30o3u3B
Sourcemadeinalabama.com
Date Published05/15/2019
Author NameDawn Azok
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Hyundai Motor Manufacturing Alabama LLC
Parent companyHyundai Motor Company
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):50
Year reshoring announced:2019
Year reshoring implemented or to be implemented:2019
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) reshoredcylinder heads for automobile engines
What domestic positive factors made reshoring more attractive?Automation/technology, Eco-system synergies, Skilled workforce availability/training, Other, expansion
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