Company/Division name | Hyundai Motor Manufacturing Alabama |
Parent company | Hyundai 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) reshored | engine shop |
What domestic positive factors made reshoring more attractive? | Eco-system synergies, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market |