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Korean Automotive Component Manufacturer Plans Headquarters and Plant in Dothan, Alabama

03/02/2012
Yura Corp., a Seoul, South Korean manufacturer of automotive electronic and ignition components, will open its U.S. headquarters and build its first manufacturing facility in Dothan, Alabama.

"On behalf of the City of Dothan, Houston County and the State of Alabama, we are extremely elated to make this announcement for this new advanced manufacturing operation," said Dothan Mayor Schmitz. "This project took considerable team effort from many parties."

Yura Corp. America CEO Joshua Kim said, "We thank all the parties of Dothan, Houston County and Alabama for their tremendous support in helping us locate our first operation in North America. We look forward to a great partnership that grows and prospers."

While the total amount of Yura's expected investment has not been determined, the project will initially create 60 jobs, with the ultimate total number predicted to be higher.

Yura takes great pride in the rapid advances in the development that Korea's automobile industry has made, a company spokesman said. Recent use of automotive electronic components with highly advanced semiconductor chips is on the rapid rise, as vehicles become more intelligent and complex in their functionality. The importance of the wire harness, the connecting pathway that Yura produces, has become more important in eco-friendly cars. Yura strives to develop technologies and components for eco-friendly cars with a goal of maximizing fuel efficiency and going-green in ignition system parts such as stick coils.

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