# Hanwha Cimarron breaks ground on $130 million tank factory in Opelika, Alabama

Hanwha Cimarron has broken ground on a $130 million factory in Opelika, Alabama, producing carbon fiber-wrapped high-pressure storage tanks. The project will create 261 new jobs, with hiring expected next spring.

- Type: New facility
- Announced: 2021-10-05
- Where: Opelika, Alabama, United States
- Value: $130.0M
- Jobs: 261
- Status: under construction
- Products: carbon fiber-wrapped high-pressure storage tanks, compressed natural gas tanks
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Hanwha Cimarron](https://endata.com/companies/8289.md)
- [Hanwha](https://endata.com/companies/8471.md) (partner)
- [Cimarron Composites](https://endata.com/companies/8472.md) (target)

## Sources

- [thomasnet.com](https://www.thomasnet.com/insights/storage-tank-manufacturer-announces-130-million-alabama-factory/), 2021-10-05: "Hanwha Cimarron, established following the acquisition of Huntsville-based Cimarron Composites by South Korean conglomerate Hanwha late last year, said the project in Opelika will create 261 new jobs."

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