Shinhwa Auto Invests $114 Million in Right to Work Alabama
Shinhwa Auto is expanding soon in Right to Work Auburn, Alabama. As a result, they are investing a total of $114 million. They will also create 50 new jobs. So this is great news for the area’s economy!
From Area Development Magazine:
â€œWe are thrilled to be expanding our business yet again, building new state-of-the-art facilities in Auburn, Alabama, where Shinhwa has a successful business operation since 2019. […] As one of the most innovative industrial manufacturers of aluminum car components, we are confident that the momentum we have achieved will continue to meet customersâ€™ growing demand for high-quality products.â€ […]
â€œAlabamaâ€™sÂ auto sectorÂ is experiencing a major growth spurt as the industry accelerates the transition toward an electric future. […] We look forward to working with Shinhwa to advance its expansion plans and fully develop the growth potential of its Auburn manufacturing operation.â€AREA DEVELOPMENT MAGAZINE
To read the previous economic update on Right to Work states, click here.