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Auto parts maker Shinhwa plans $114 million Alabama expansion

AUBURN, Alabama — Shinhwa Auto USA Corp. plans to invest $114 million to expand its manufacturing operation in Auburn to support the production of electric vehicle parts, according to Governor Kay Ivey.

The growth project will create 50 jobs and add a new 170,000-square-foot production building on Shinhwa’s campus in Auburn Technology Park West.

The expansion will be the South Korean company’s third since selecting the Alabama city as the site of its first U.S. plant in 2019.

“Shinhwa’s constant growth in Auburn demonstrates Alabama, through high levels of innovation and technical prowess, is preparing for an evolving future,” Governor Ivey said in an announcement today.

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