Auto supplier announces $70M expansion for Auburn facility

URLhttps://www.wsfa.com/2021/11/15/auto-supplier-anno
SourceWSFA12 News
Date Published11/12/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Shinhwa U.S. Auto Corp.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):48
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2023
Domestically, the work will be done:In-house
Capital investment ($):70
Country(ies) from which reshored:Korea, Republic of
City reshored to:Auburn
State(s) reshored to:AL
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredauto parts, high-pressure aluminum die casting
What domestic positive factors made reshoring more attractive?Eco-system synergies, Proximity to customers/market
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