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Hanwha Cimarron to invest $130 million in new Alabama manufacturing facility

OPELIKA, Alabama – Hanwha Cimarron LLC, a maker of filament-wound carbon fiber tanks and pressure vessels, announced plans today to invest $130 million to open a new manufacturing facility in Opelika, where it will create 261 jobs.

Hanwha Cimarron CEO David Jeon said the new facility will help fuel the company’s growth in the carbon overwrap pressure vessel market, catering to the needs of industries including aerospace, drone, defense, marine, rail, and gas transport and storage.

“We’re excited about bringing over 200 good-paying jobs to the local area and about being a part of the greater Opelika community,” Jeon said. “We look forward to forming strong local partnerships that will benefit the community, the company and our employees.”

Governor Kay Ivey applauded Hanwha Cimarron’s investment plans in Alabama.

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