Subscribe
Close
  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Renew

Hanwha Advanced Materials America Expands Opelika, Alabama Assembly Plant

04/20/2017
Auto supplier Hanwha Advanced Materials America plans to invest $20 million to upgrade its manufacturing facility in Opelika, Alabama. The company expects to add 100 new jobs over the next three years.

Hanwha is a Tier 1 supplier to Hyundai’s assembly plant in Montgomery and the Kia plant just across the state line in Georgia. It produces an array of products including headliners, underbody shields, bumper back beams, as well as the bumper’s impact-resistant core. Hanwha specializes in high-quality, lightweight composite materials. The expansion project in Opelika will increase the facility’s production capacity while adding diversity to its product line.

“Alabama’s dynamic auto industry continues to grow through expansion projects like the one at Hanwha that will add 100 jobs in Opelika,” Governor Kay Ivey said. “This is more proof that Alabama offers the kind of business environment that can foster significant job growth in communities across the state.”

“A trend we have seen for several years is that many companies locating in Alabama go through repeated cycles of expansion, continually adding investment and jobs,” said Greg Canfield, Secretary of the Alabama Department of Commerce.

“It is truly an honor when existing industries continue to grow and invest in our community,” Mayor Gary Fuller said. “We are glad to assist Hanwha in their continued success.”

Article Discussion

Follow Area Development

Share