AUBURN, Alabama — The Shinhwa Group, an automotive parts manufacturer, plans to establish a manufacturing operation in Auburn to serve the region’s vibrant auto sector, Governor Kay Ivey announced today.
“Shinhwa’s decision to invest $42 million and create 95 jobs in Auburn is great news for Alabama,” Governor Ivey said. “Alabama has become an important player in a changing automotive industry, and Shinhwa’s plans to open its first U.S. plant in Auburn is proof of our success.”
Alabama is home to a rapidly growing automotive cluster that produces around 1 million vehicles a year and provides an estimated 40,000 direct jobs at companies within the sector.
Shinhwa’s high-level automation and innovative solutions to technological challenges represent an important new resource for existing automotive companies in the area.