# 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.

- Type: New facility
- Announced: 2021-08-25
- Where: Telford, Washington County, Tennessee, United States
- Value: $40.0M
- Jobs: 200
- Starts operating: Mar 2022
- Status: announced
- Products: stamped metal parts, electric vehicle battery casings
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Sungwoo Hitech](https://endata.com/companies/57314.md)
- [General Motors](https://endata.com/companies/4654.md) (customer)
- [Sungwoo Hitech America Corp.](https://endata.com/companies/57328.md) (partner)

## Sources

- [wjhl.com](https://www.wjhl.com/news/local/tier-1-auto-supplier-to-open-first-u-s-manufacturing-plant-in-washington-county-next-year/), 2021-08-25: "About March we'll hire many people. At least 100 people next year. In 2023, I'm expecting at least 50."
- [areadevelopment.com](https://www.areadevelopment.com/newsitems/8-26-2021/sungwoo-hitech-telford-tennessee.shtml), 2021-08-26: "South Korean-based automotive supplier Sungwoo Hitech will invest $40 million to locate its first U.S. manufacturing operations, Sungwoo Hitech America Corp., in Telford, Tennessee."

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