Two Opelika industries expanding, to create 128 jobs

URLhttps://www.al.com/business/2019/06/two-opelika-in
SourceAl.com
Date Published06/19/2019
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Hanwha
Parent companyHanwha 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) reshoredauto parts, lightweight component
What domestic positive factors made reshoring more attractive?Impact on domestic economy, Proximity to customers/market
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