Hyundai Motor Parts Supplier Establishes Factory in Georgia, USA

[Asia Economy Reporter Haeyoung Kwon] EcoPlastic, a parts supplier for Hyundai Motor Company, is entering the state of Georgia in the United States, where Hyundai's electric vehicle dedicated factory is located.

[Image source=Yonhap News]

Brian Kemp, Governor of Georgia, announced on the 5th (local time) that EcoPlastic plans to invest $205 million (approximately 260 billion KRW) to establish a factory in Bulloch County, eastern Georgia, and employ 465 people.

EcoPlastic has been supplying parts to Hyundai and Kia Motors. Bulloch County, where the company plans to establish the factory, is about an hour away from Bryan County, where Hyundai's electric vehicle dedicated factory is located, and the Savannah area. The factory is scheduled to begin operations in October 2024, and EcoPlastic plans to produce bumpers, exterior, and interior materials for electric vehicles.

Earlier, JunINC, the U.S. subsidiary of Ajin Industrial, which supplies parts to Hyundai, also announced in November last year that it would establish a parts factory in Bulloch County.

Governor Kemp stated, "Following the announcement of Hyundai's electric vehicle dedicated factory, industries related to electric vehicles and batteries have been entering the Bryan County area, creating an electric vehicle ecosystem," adding, "In addition to Hyundai's direct investment, related companies' investments are estimated at $1 billion (approximately 1.3 trillion KRW)."

This content was produced with the assistance of AI translation services.