South Korea-Based Hanwha Cimarron Plans Opelika, Alabama, Manufacturing Plant
Located at the Northeast Opelika Industrial Park, the new location will help fuel the company’s growth in the carbon overwrap pressure vessel market, catering to the needs of industries including aerospace, drone, defense, marine, rail, and gas transport and storage, according to company officials.
“We’re excited about bringing over 200 good-paying jobs to the local area and about being a part of the greater Opelika community,” Hanwha Cimarron CEO David Jeon said. “We look forward to forming strong local partnerships that will benefit the community, the company and our employees.”
In December 2020, South Korea-based Hanwha Solutions Corp. acquired Huntsville-based Cimarron Composites as part of a strategic expansion into the hydrogen energy business.
“Hanwha Cimmaron can count on a skilled workforce and the support it needs to build a high-performance operation in Opelika,” said Greg Canfield, Secretary of the Alabama Department of Commerce. “Working together, I know that we will be able to find all the ingredients that will allow the company’s new facility to thrive and grow in the future,” he added.
Supply Chain Bottlenecks Creating New “Logistical Hotspots”
2020 Top States for Doing Business Showcase Their Pro-Business Environments
2021 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts
35th Annual Corporate Survey: Effects of Global Pandemic Reflected in Executives’ Site and Facility Plans
Latest Trends in the Industrial Real Estate Sector Here to Stay
Auto Industry Is Betting on Sustainability
2021 Auto/Aero Site Guide