Shinhwa Group to open its first U.S. manufacturing plant in Alabama

Shinhwa Group, an automotive parts manufacturer in South Korea, announced it will make a new $42 million investment in manufacturing operations in Auburn, Alabama.

The company will initially manufacture drive shafts for vehicles made by Hyundai Motor Manufacturing Alabama in Montgomery and Kia Motor Manufacturing Georgia. Shinhwa will provide parts for other car manufacturers in the near future.

“Shinhwa’s decision to invest $42 million and create 95 jobs in Auburn is great news for Alabama,” said Alabama Governor, Kay Ivey. “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.”

“The Shinhwa Group has become a leader in the aluminium die casting industry because of our willingness to overcome technical challenges,” said Kwi-Hyun Lee, CEO of the Shinhwa Group in South Korea.

“We are proud to call Auburn our new home and to serve our customers in the U.S.A.”

“We will start our U.S. project by introducing a highly automated machining process to be followed in the near future with our die casting lines,” said Duk Keun Oh, president of the newly founded entity Shinhwa U.S. Auto Corp.

“We are grateful for our collaboration with Seohan in Auburn and see great opportunities for our growth in North America.”

The company is building its new plant in the Auburn Technology Park West, and Phase 1 of the project is expected to complete in summer 2020.

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