# Shinhwa Group to build $42M auto parts plant in Auburn, Alabama

Shinhwa Group, a South Korean automotive parts manufacturer, will invest $42 million to establish its first U.S. manufacturing operation in Auburn, Alabama, creating 95 jobs. The plant will initially produce drive shafts for Hyundai and Kia.

- Type: New facility
- Announced: 2019-10-01
- Where: Auburn, Alabama, United States
- Value: $42.0M
- Jobs: 95
- Starts operating: Q3 2020
- Status: under construction
- Products: drive shafts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Shinhwa Group](https://endata.com/companies/42465.md)
- [U.S. Auto Corp](https://endata.com/companies/42511.md) (partner)

## Sources

- [governor.alabama.gov](https://governor.alabama.gov/newsroom/2019/10/governor-ivey-announces-shinhwa-group-to-open-auburn-operation-with-42-million-investment/), 2019-10-01: "Shinhwa’s decision to invest $42 million and create 95 jobs in Auburn is great news for Alabama."
- [alreporter.com](https://www.alreporter.com/2019/10/02/shinhwa-group-will-open-auburn-operation-with-42-million-investment), 2019-10-02: "Shinhwa's decision to invest $42 million and create 95 jobs in Auburn is great news for Alabama."
- [just-auto.com](https://www.just-auto.com/news/shinhwa-ploughs-us42m-into-new-alabama-factory/), 2019-10-04: "Shinhwa’s decision to invest US$42m and create 95 jobs in Auburn is great news for Alabama."
- [thomasnet.com](https://www.thomasnet.com/insights/auto-supplier-announces-42-million-alabama-factory/), 2019-10-10: "Auto parts manufacturer Shinhwa Group announced plans to build its first U.S. factory in eastern Alabama to supply nearby auto plants on Tuesday."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.