Dive Brief:
- Hyundai supplier Seoyon E-Hwa is investing almost $76 million toward its second manufacturing facility in Georgia, according to a Feb. 1 press release. It’s the second Georgia location for the South Korea-based supplier.
- Seoyon’s facility will be located at the Savannah Chatham Manufacturing Center. The new manufacturing facility will produce automotive interior parts such as door trims, headlining, tailgate trims, and supply electric vehicle parts, said Seoyon E-Hwa Chairman Ryu Yang-Seok in the press release.
- The facility, which will create 740 new jobs, is slated to begin production in October 2024.
Dive Insight:
The Seoyon E-Hwa facility’s location at the Savannah Chatham Manufacturing Center “ideally positions” it close to Hyundai Motor Group’s EV campus and the Port of Savannah, said Savannah Economic Development Authority President and CEO Trip Tollison.
Last year, Georgia Gov. Brian Kemp called the incoming $5.5 billion plant the “largest economic development project in state history,” and estimated the plant would bring 8,100 jobs to Georgia’s coastal region with more to follow.
The incoming facility has attracted Hyundai suppliers to Georgia, with Seoyon E-Hwa becoming the fourth to add a manufacturing plant in the region. In November, Joon Georgia became the first supplier to announce operations, with plans to invest $317 million in a production facility in Bulloch County. Later that month, Kemp announced Hyundai Mobis as the second.
Last month, Ecoplastic Corporation announced it was investing approximately $205 million in a new manufacturing facility in southeast Georgia to supply components to the incoming electric vehicle campus.
“That level of growth gives our industries the groundwork for future success, and we’re excited to work with our many partners across the state and near Savannah to create the jobs of the future,” said Wilson in a statement.
Seoyon E-Hwa has another facility in LaGrange, Georgia, which supports 630 full-time jobs.
