Sungwoo Hitech to open first US plant in Tennessee, invest USD 40M

Sungwoo Hitech purchased a 375,000 sq ft building in Telford, Tennessee for USD 8.75 million and plans to invest over USD 40 million to produce stamped metal parts for General Motors. The plant will create over 200 jobs, with hiring starting in March 2022.

“About March we'll hire many people. At least 100 people next year. In 2023, I'm expecting at least 50.”wjhl.com

• 2 sources
• wjhl.comTier 1 auto supplier to open first U.S. manufacturing plant in Washington County next year | WJHL | Tri-Cities News & WeatherAug 25, 2021
• areadevelopment.comSouth Korea-Based Sungwoo Hitech Plans Telford, Tennessee, Factory - Area DevelopmentArea Development News DeskAug 26, 2021

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