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 an 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.