Company/Division name | Hyundai Motor Manufacturing Alabama |
Parent company | Hyundai Motor Company |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 200 |
Year reshoring announced: | 2019 |
Year reshoring implemented or to be implemented: | 2021 |
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 | pickup trucks |
What non-domestic negative factors made offshoring less attractive? | Tariffs |
What domestic positive factors made reshoring more attractive? | Proximity to customers/market, Other, expanion |