Hyundai Motor Manufacturing Expands Montgomery, Alabama Plant
09/16/2019
According to company officials the expansion will facilitate the production of redesigned Hyundai Elantra and Santa Fe vehicles and a new, more fuel-efficient Theta engine.
The Montgomery Area Chamber of Commerce said Hyundai’s new investment in Alabama totals $680 million over the past two years, strengthening the company’s presence in the Capital City and demonstrating its confidence in the area’s ability to support a growing workforce.
Greg Canfield, Secretary of the Alabama Department of Commerce, said foreign investment typically represents 30 to 50 percent of the total new capital investment from economic development projects in Alabama each year.
“Foreign investment continues to invigorate Alabama’s economy and spark dynamic growth across many industry sectors, from automotive to aerospace and chemicals to forest products,” Secretary Canfield said.
“It’s a priority for us as a state to continue to build on relationships we have formed with international companies and to make sure we are at the top of their list for new investment and job creation,” he said.
Project Announcements
PEAK Precision Manufacturing Plans Bowling Green, Kentucky, Operations
07/26/2024
Italy-Based Sipcam Agro USA Upgrades Wayne County, Mississippi, Operations
07/26/2024
Cleveland-Cliffs Plans Weirton, West Virginia, Operations
07/26/2024
IDEXX Laboratories Plans Wilson, North Carolina, Production Operations
07/26/2024
Germany-Based Ritz Instrument Transformers Plans Waynesboro, Georgia, Operations
07/26/2024
AirJoule Plans Newark-Wilmington, Delaware, Operations
07/26/2024
Most Read
-
19th Annual Area Development Gold and Silver Shovel Awards
Q2 2024
-
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
-
The CHIPS and Science Act will bring jobs back to the United States
Q2 2024
-
The Bring Your Own Energy (BYOE) Party Is Starting
Q2 2024
-
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects
Q3 2023
-
How to Overcome NIMBYism in Data Centers
Q2 2024