Hyundai investing $292 million into Montgomery plant

URLhttps://www.al.com/business/2019/09/hyundai-invest
SourceAL.com
Date Published09/10/2019
Author NameWilliam Thornton
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Hyundai Motor Manufacturing Alabama
Parent companyHyundai Motor Group
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2019
Capital investment ($):292
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) reshoredengine shop
What domestic positive factors made reshoring more attractive?Eco-system synergies, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market
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