Hyundai Steel Company Brings 1,300 New Jobs in Right to Work Louisiana
Hyundai Steel Company is creating 1,300 new jobs soon in Right to Work Ascension Parish, Louisiana! This comes as a result of the company’s decision to invest $5.8 billion toward a new location here.
From Area Development Magazine:
“Hyundai Steel’s investment in an electric arc furnace (EAF) based integrated steel mill in the U.S. is anticipated to stimulate local economic growth, including the creation of new job opportunities. […] We plan to supply automotive steel plates not only for Hyundai Motor and Kia’s strategic models but also to expand sales to U.S. automakers in the future.” […]
“The effort to attract and secure Hyundai Motor Group in Louisiana is the most recent example of how our whole-of-Louisiana approach is making our state more competitive by fostering an economic ecosystem that provides an ease of doing business. […] Positioning Louisiana to win means working as a team with a focus on what matters: The people and future of our state. It offers residents new career opportunities that provide growing wages and a stake in a sustainable, thriving future.” […]
“Hyundai Steel Company represents the largest single economic development project announcement in our region since the formation of BRAC in 2005. […] Located in the RiverPlex MegaPark — established in 2015 through a partnership between Ascension Economic Development Corporation, BRAC, LED, and local landowners — this investment will create significant opportunities across the region while advancing new low-carbon projects in the energy and manufacturing sectors. The vision of all involved in the RiverPlex MegaPark 10 years ago is now delivering dividends for our regional economy. Congratulations to Hyundai Steel Company, our partners, and our neighbors in Ascension Parish. We are delighted to welcome HSC to Louisiana’s Capital Region, and remain committed to supporting their success.”
“This transformative investment from Hyundai Steel Company is a game-changer for Ascension Parish, introducing a new industry and creating abundant high-paying job opportunities for our community. […] By working closely with our partners, we remain committed to attracting new investment, developing a skilled workforce, enhancing our community, and driving long-term economic growth.”
To read the previous economic update on Right to Work states, click here.