South Korea-based Duksan Electera America, Inc. will locate its first North American manufacturing facility in Shelbyville, Tennessee. The $96 million project is expected to create 101 jobs in Bedford County over the next five years.
The new facility, located at 210 Frank Martin Road, will position the company to be geographically closer to its core customer base. The location will be essential as Duksan Electera is responsible for supplying roughly 60,000 tons of electrolytes to battery makers in the southeastern U.S.
“I would like to take this opportunity to thank Bedford County, the City of Shelbyville and all associated officials for providing Duksan Electera with this exciting opportunity as we take the first steps towards expanding our business in the United States. We have chosen the city of Shelbyville and Bedford County not only for its excellent location, but also because of the warm welcome and passion we've felt from the City of Shelbyville, Bedford County and the State of Tennessee. The electric vehicle market is a market with a bright future with an expected compound annual growth rate of 32 percent by 2030, and the demand for related materials such as electrolytes is projected to rise accordingly. With our business in this promising market, I hope that we can create a mutually beneficial environment where the community and the company can both continue to grow,” Duksan Electera America, Inc. President Suwan Lee noted.
Founded in 2021, as a subsidiary of Duksan Technopia Co., Ltd., Duksan Electera is part of the Duksan Group, a South Korean-based advanced material manufacturer. Duksan Electera supports its parent company through the manufacturing of electrolytes for the electric vehicle battery sector.
“Tennessee is at the forefront of the electric vehicle revolution, and its thanks to companies like Duksan Electera that this industry continues to thrive. We are proud to be the home of Duksan Electera’s first North American electrolyte manufacturing plant and believe Shelbyville’s central location in the southeastern corridor will set this company up for great success in the years to come,” TNECD Commissioner Stuart McWhorter added.