# Hanwha Cimarron to build $51M high-pressure tank plant in Opelika, Alabama

Hanwha Cimarron plans to spend $51 million on a production facility in Opelika, Alabama, to make 4,000 high-pressure tanks per year. Construction is to finish in 2022.

- Type: New facility
- Announced: 2021-08-24
- Where: Opelika, Alabama, United States
- Value: $51.0M
- Status: announced
- Capacity: 4,000 high-pressure tanks per year
- Products: carbon fiber-wrapped high-pressure tanks

## Companies

- [Hanwha Cimarron](https://endata.com/companies/8289.md)
- [Hanwha Solutions](https://endata.com/companies/7811.md) (investor)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/hanwha-solutions-wins-260-million-supply-contract-for-high-pressure-tanks-in-us-301361533.html), 2021-08-25: "The company has decided to spend $51 million building a production facility in Opelika."
- [ngetnews.com](https://www.ngetnews.com/news/articleView.html?idxno=402739), 2021-08-25: "한화솔루션은 이번 계약과 함께 미국 앨라배마주 오펠리카시에 1차로 약 5100만달러(약 600억원)를 투자해 고압탱크 생산 시설을 짓기로 결정했다."

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