Daewon America makes $13 million Capital Investment In Its Alabama Plant
02/23/2012
As a result of its expansion plans the firm plans to hire about 32 employees.
The Opelika facility produces suspension bars and coils for Hyundai, Kia, GM and Chrysler. Opelika Mayor Gary Fuller said; "we are so pleased that Daewon is adding to their investment and bringing more employment opportunities to our citizens. This additional investment will bring the total capital investment Daewon America has made in Opelika to over $65 million."
Alabama Governor Robert Bentley said "I am proud of the relationship that the State and the city of Opelika established with Daewon America and the jobs the company has already brought to the Lee County area," he said. "Daewon is a world-class operation that has been located in Opelika since 2007. It is a testament to the state's excellent business climate that the company continues to grow and prosper right here in our state."
Alabama Development Office Director Greg Canfield recognized the importance of supporting existing industry. He said "Daewon's announcement reflects the strength of Alabama's automotive industry and the cooperative relationships we have established that have resulted in continued growth. We have made this one of our top priorities."
Project Announcements
Local Bounti Plans Pasco, Washington, Indoor Agricultural Operations
04/26/2024
Innovative Construction Group Plans Siler City, North Carolina, Production Operations
04/26/2024
Crystal Window and Door Systems Plans Mansfield, Texas, Headquarters-Production Operations
04/25/2024
JDSAT Expands Fairfax County, Virginia, Operations
04/25/2024
Trussworks Mid-America Plans Jackson, Missouri, Manufacturing Operations
04/25/2024
Epic Flight Academy Establishes Hebron, Kentucky, Operations
04/25/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024