Shinhwa Auto USA is investing $114 million to bolster its manufacturing presence in Auburn, Gov. Kay Ivey announced today. The expansion is expected to create 50 jobs.
The project will see a 170,000-square-foot production building emerge on Shinhwa’s campus at Auburn Technology Park West. This will mark the third expansion for the South Korean company in Auburn since the city was chosen as its inaugural U.S. plant site in 2019.
“Shinhwa’s constant growth in Auburn demonstrates Alabama, through high levels of innovation and technical prowess, is preparing for an evolving future,” Ivey said. “It’s a testament to the Auburn area’s workforce that this world-class company has once again decided to launch growth plans in Lee County.”
RELATED: Alabama produced nearly 1M cars last year; $14.2B in new investment
After the Auburn facility opened in 2020 following a $42 million investment, it manufactured drive shafts for Hyundai Motor Manufacturing Alabama in Montgomery and the Kia plant in West Point, Ga.
The company has since announced two expansion projects in Auburn, adding 90 jobs and an additional investment of $148 million to expand output of aluminum parts and meet demands stemming from EV production.
Auburn Mayor Rob Anders said the partnership continues to be good news for the region.
“Shinhwa’s story here in Auburn is evidence of the work generations of leaders have done to make our community not only welcoming to but also fertile ground for businesses,” Anders said. “We’re grateful for Shinhwa’s investment in Auburn and look forward to seeing them continue to thrive.”
RELATED: Alabama solving manufacturing’s real estate problem
Shinhwa is committed to creating 50 jobs over the next three years, with an average annual salary of around $48,000, according to the Alabama Department of Commerce.
“Alabama’s auto sector is experiencing a major growth spurt as the industry accelerates the transition toward an electric future,” said Greg Canfield, secretary of the Alabama Department of Commerce.
“We look forward to working with Shinhwa to advance its expansion plans and fully develop the growth potential of its Auburn manufacturing operation.”
Grayson Everett is a staff writer for Yellowhammer News. You can follow him on Twitter @Grayson270
Don’t miss out! Subscribe today to have Alabama’s leading headlines delivered to your inbox.