South Korea-Based Shinhwa Group Plans Manufacturing Complex in Auburn, Alabama

URLhttps://www.areadevelopment.com/newsItems/10-3-201
SourceArea Development
Date Published10/03/2019
Author NameArea Development News Desk
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Shinhwa U.S. Auto Corp.
Parent companyShinhwa Group
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):95
Year reshoring announced:2019
Year reshoring implemented or to be implemented:2020
Capital investment ($):42
Country(ies) from which reshored:Korea, Republic of
City reshored to:Auburn
State(s) reshored to:AL
If relevant, work nearshored to:-
Industry(ies):Fabricated Metal Products
Product(s) reshoredautomotive parts
What domestic positive factors made reshoring more attractive?Automation/technology, Eco-system synergies, Proximity to customers/market, Skilled workforce availability/training
Find Reshoring Articles