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Sungwoo Hitech America Corp. will invest $40 million to buy and equip a 380,000-square-foot factory in Telford, Tennessee, creating 117 jobs by 2025 and 206 by 2027, to produce stamped metal components for automotive customers including GM, Kia and Volkswagen.
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.
| Site | Largest | Latest |
|---|---|---|
| Telford, United States | $40.0M | 2021-09-07 |