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Area Development - Site Selection, Facility Planning and Workforce Development

South Korea-Based Daejin Advanced Materials USA Plans Cumberland City, Tennessee, Manufacturing Center

09/29/2022
Daejin Advanced Materials USA Inc., a subsidiary of Korean-based Daejin Advanced Materials, will establish its second U.S. manufacturing and processing facility in Cumberland City, Tennessee. The $10.2 million project is expected to create 83 jobs in Houston and Stewart counties over the next five years.

Located in a portion of the Stewart-Houston Industrial Park, a Select Tennessee Certified Site, the facility will be in close proximity to the company’s electric vehicle battery customers and partners in the southeastern U.S.

“We are very excited to have our second U.S. plant in Cumberland City, Tennessee. This plant will be an important operation, which will expand our business in North America. The local community and the State of Tennessee have been extremely supportive, and we strongly believe that our company and the community can work together and grow together in the years to come.” said Sungjoon Yoo, CEO, Daejin Advanced Materials USA, Inc.

With an increase in consumer demand and newly awarded contracts with Ultium Cells’ Spring Hill, Tennessee, manufacturing plant, Daejin Advanced Materials’ Tennessee facility will allow the company to continue manufacturing process trays for electric vehicle batteries. In addition, Daejin Advanced Materials will expand its production to include a new line for plastic injection, plastic extrusion, vacuum forming and assembly.

“Our state has become a top location for automotive companies and suppliers like Daejin Advanced Materials as they continue to migrate and expand to the Southeast, and we believe that Tennessee’s central location will be the ideal spot to support this company’s success in the electric vehicle industry. Thank you to the Houston and Stewart communities and our partners at MTIDA for helping recruit this global brand to Cumberland City,” TNECD Commissioner Stuart McWhorter noted.

Founded in 2019 and headquartered in Troy, Michigan, Daejin Advanced Materials USA Inc. supports research and development and specializes in the manufacturing of polymers for the electric vehicle battery industry. The company is a subsidiary of Korean-based Daejin Advanced Materials, which employs roughly 1,000 people across its operations in Asia, Europe and the U.S.

“TVA and Meriwether Lewis Electric Cooperative congratulate Daejin Advanced Materials on its decision to establish operations and create impactful job opportunities in Cumberland City. Helping to attract and retain jobs and investment in the region is fundamental to TVA’s mission of service. We are proud to partner with Stewart-Houston Joint Industrial Development Board, Middle Tennessee Industrial Development Association, Houston County Government, Stewart County Government and the Tennessee Department of Economic and Community Development,” added John Bradley, TVA senior vice president of Economic Development.

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