South Korea-Based Daewon America Expands Opelika, Alabama, Operations
06/13/2024
The investment will include new manufacturing equipment at the company's existing facility at the Northeast Industrial Park. The expansion is scheduled for completion in the summer of 2027.
“Daewon America is proud to partner with the City of Opelika and the Economic Development team in expanding our operations,” said President of Daewon America, Chris Cho. “Opelika has been an incredibly supportive home for our United States headquarters. We are humbly grateful to the City of Opelika and its residents as we continue to strengthen our roots in our community.”
Daewon America produces suspension bars and coils for the automotive industry. The company’s clients include Hyundai, Kia, GM and Chrysler.
“Daewon has continued to be a valued partner in Opelika since their initial announcement to come to our community in 2006,” noted John Sweatman, Director of Opelika Economic Development. “Daewon’s total capital investment over the past 18 years, including this new expansion, is well over $164 million and the new total number of jobs created to 260. We look forward to supporting Daewon’s new expansion efforts and we are extremely thankful they decided to choose Opelika.”
Project Announcements
Southeastern Timber Products Expands Ackerman, Mississippi Sawmill, Operations
02/07/2025
HII Plans Berkeley County, South Carolina, Operations
02/05/2025
South Korea-Based SPC Group Plans Burleson, Texas, Production Operations
02/05/2025
Diageo North America Plans Montgomery, Alabama, Manufacturing-Warehouse Operations
02/05/2025
Octillion Power Systems Establishes Reno, Nevada, Battery Manufacturing Operations
02/05/2025
Letica Expands Fulton County, Kentucky, Operations
02/05/2025
Most Read
-
2024's Leading Metro Locations: U.S. Cities on the Rise Amid an Economic Reshuffling
Q4 2024
-
The Workforce Factor: How States Are Competing to Build Tomorrow's Talent
Q4 2024
-
Best Practices in Incentives Procurement
Q4 2024
-
Five Strategies to Tackle the Data Center Talent Shortage
Q4 2024
-
Microsoft-Three Mile Island Deal Could Signal Path for Nuclear Power to Strengthen Partnerships with Big Tech
Q4 2024
-
Industries Look for Employees in Nontraditional Spaces Amid Labor Shortage
Q4 2024
-
Why Decarbonization Goals Start with Site Selection
Q4 2024