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South Korea-Based Hanwha Cimarron Plans Opelika, Alabama, Manufacturing Plant

08/05/2021
Hanwha Cimarron, a maker of filament-wound carbon fiber tanks and pressure vessels, plans to invest $130 million to open a new manufacturing facility in Opelika, Alabama. The project is expected to create 261 jobs.

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.

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