South Korea-based lithium-ion battery recycler and raw materials provider SungEel Recycling Park Georgia, will locate its first U.S. recycling facility in Toccoa, Georgia. The $37 million project is expected to create 104 jobs in Stephens County.
The new facility will be located at the Hayestone Brady Business Park, a Georgia Ready for Accelerated Development (GRAD) Certified site. Operations are expected to begin in early 2024.
"SungEel HiTech's entry into Georgia is the last piece of the puzzle to build a sustainable ecosystem of Georgia’s electric vehicle supply chain," said Suk Jae Yim, Representative of SungEel Recycling Park Georgia. "SungEel Recycling Park Georgia will conduct its full responsibility to build a U.S. eco-friendly industrial ecosystem in line with the expectations of the State of Georgia and Stephens County."
SungEel HiTech Co., Ltd. is headquartered in Korea and has grown into a global leader in lithium ion battery recycling and raw material provider under the vision of Finite Resources to Infinite Resources. The company currently operates facilities in South Korea, China, Malaysia, India, and Hungary, with new facilities underway in Poland and Germany.
"SungEel is a company at the cutting edge of sustainable technology, and we believe SungEel’s proximity to other members of Georgia’s electric mobility ecosystem will lead to amazing success," said GDEcD Commissioner Pat Wilson while meeting with SungEel in Korea this week. "Creating the jobs of the future and protecting the opportunities of today means preparing key industries, such as the auto industry, for the next technological revolution. We are grateful to our partners in Stephens County for their investment in speed to market solutions like site preparation, and we are excited to welcome SungEel to Georgia."
The GRAD Program is a proactive effort by Georgia’s economic development community to develop a portfolio of available sites ready for fast-track development.
"It has been a pleasure working with SungEel HiTech over the past eight months and learning more about the company and its processes. This is an exciting time for Toccoa-Stephens County and a solid boost for our local job market," added Brian Akin, Chairman of the Stephens County Development Authority. "The investments that we have made in infrastructure, workforce development, and education were all significant factors in the selection process, and we couldn’t be any happier with their decision to expand here. We are looking forward to working alongside them for years to come."
Director of Korean Investment Yoonie Kim represented the Georgia Department of Economic Development (GDEcD) on the project in partnership with the Stephens County Development Authority and Georgia EMC.