Company/Division name | Hanwha |
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): | 128 |
Year reshoring announced: | 2019 |
Year reshoring implemented or to be implemented: | 2022 |
Capital investment ($): | 32 |
Country(ies) from which reshored: | Korea, Republic of |
City reshored to: | Opelika |
State(s) reshored to: | AL |
If relevant, work nearshored to: | - |
Industry(ies): | Transportation Equipment |
Product(s) reshored | auto parts, lightweight component |
What domestic positive factors made reshoring more attractive? | Impact on domestic economy, Proximity to customers/market |