Auto supplier Yongsan locating first US plant in Alabama, creating 150 jobs

SourceAlabama News Center
Date Published03/06/2019
Author NameJerry Underwood

Additional Reshoring Information:

Company/Division name Yongsan Automotive USA
Parent companyYongsan Automotive india ltd
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):150
Year reshoring announced:2019
Year reshoring implemented or to be implemented:2022
Capital investment ($):5.5
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) reshoredautomotive interior parts
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Infrastructure, Impact on domestic economy, Skilled workforce availability/training
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