How Much is LOTTE Aluminum Investing in RTW Kentucky?
LOTTE Aluminum Materials USA is adding a new location soon in Right to Work Elizabethtown, Kentucky. In order to accomplish this, the company is investing a total of $238.7 million toward the project. As a result, this will also create 122 new jobs. So this is exciting economic news for Hardin County!
From Area Development Magazine:
“We will do our best to develop and support technology so that we can stably produce high-quality and high-efficiency cathode foils to respond to customers one step at a time.” [“¦]
“I want to welcome LOTTE to Kentucky as we continue to see significant investment from EV-related businesses across the state. [“¦] Further growth of this sector will require attraction of a broad range of suppliers, and this announcement by LOTTE signifies just that. We are building an ecosystem that will last for generations to come, and I am happy to announce this company will be a very important part of that vision.” [“¦]
“Amid recent large-scale industrial development announcements in the Elizabethtown-Hardin County area over the last year, there have been plenty of discussions regarding ancillary projects coming to the region. [“¦] This announcement proves there is a lot of truth to the assertion that our industrial sector will only grow in the coming years.”
AREA DEVELOPMENT MAGAZINE
To read the previous Area Development update on Right to Work states, click here.
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