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Area Development - Site Selection, Facility Planning and Workforce Development

South Korea-Based ALUKO Group Plans Jackson, Tennessee, Manufacturing Operations

12/29/2024
South Korea-based ALUKO Group, a company serving the aluminum extrusion and nonferrous materials industry, plans to establish operations in Jackson, Tennessee. The $36.3 million project is expected to create 55 jobs in Madison County.

The new manufacturing facility, located at 89 Premier Drive, will produce aluminum battery casings for Ford Motor Company’s BlueOval City.

“On behalf of the ALUKO Group, I am delighted to announce our strategic investment in Tennessee, which marks a significant milestone as we expand into the North American market. This partnership underscores our commitment to mutual growth and success, and we are deeply grateful for the invaluable support and collaboration of the Tennessee state government. We eagerly anticipate a thriving future for both the ALUKO Group and the state of Tennessee,” said ALUKO Group Chairman Do-Bong Park.

“We have an outstanding relationship with the South Korean companies that call Tennessee home, and since 2019, this country has emerged as the state’s No. 1 foreign direct investment partner. I’m proud to welcome the ALUKO Group to the Volunteer State and thank them for not only making a significant investment in Tennessee but also for helping bolster our business-friendly climate,” TNECD Commissioner Stuart C. McWhorter noted.

ALUKO Group consists of ALUKO, Hyundai Aluminium, Gogang Aluminium, Alutec, KPTU, Hyundai Aluminium Vina and Alutec Vina.

“TVA and Jackson Energy Authority congratulate the ALUKO Group on its decision to establish operations and create new job opportunities in Madison County. Helping attract jobs and investment to the region is fundamental to TVA’s mission of service. We are proud to partner with the Jackson Chamber, City of Jackson, Madison County and the Tennessee Department of Economic and Community Development to further that mission and celebrate this announcement together,” John Bradley, TVA senior vice president of economic development added.

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