Shinhwa To Invest $78M In Alabama Expansion

Shinhwa Auto USA Corp. will add a second auto parts manufacturing facility in Auburn, AL as part of a $78 million growth project that will create 42 jobs over the next three years. Shinhwa will build a new 400,000-square-foot factory across from its existing location in Auburn Technology Park West to expand output of aluminum parts and meet future demands stemming from electric vehicle production. The facility supplies parts to Hyundai’s assembly plant in Montgomery and Kia’s plant in West Point, GA.

“This new facility will give us greater capacity for aluminum automotive parts, including both die casting and machining operations, allowing us to further diversify our customer base,” said Kwi Hyun Lee, founder and CEO of the Shinhwa Group. “This increased capacity will give us the ability to provide greater support for the electric vehicle market here in the U.S.”