Auto supplier Shinhwa to invest $78 million in new Alabama facility

Shinhwa Auto USA Corp. is adding a second auto parts manufacturing facility in Auburn, Alabama, as part of a $78 million growth project that will create 42 jobs over the next three years. The company will build a new 400,000-sq.-ft. factory across from its existing location in Auburn Technology Park West. 

“This new facility will give us greater capacity for aluminum automotive parts, including both die-casting and machining operations, allowing us to further diversify our customer base,” said Shinhwa Group Founder and CEO Kwi Hyun Lee. “This increased capacity will give us the ability to provide greater support for the electric vehicle market here in the U.S.”

The current Auburn facility supplies parts to Hyundai’s assembly plant in Montgomery and Kia’s plant in West Point, Georgia. The new factory represents the second major expansion launched by Shinhwa since beginning operations in Auburn three years ago. In November 2021, the company announced the addition of high-pressure aluminum diecasting and post-processing equipment through a $42 million expansion project.