Hyundai Tier I Supplier Constructs $110 Million Plant in Alabama

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Researched by Industrialinfo.com (Industrial Information Resources, Incorporated). Hyundai Tier I supplier, South Korean based, Shin Young Metal Industrial Company (Yeoncheon, Korea) is currently constructing a $110 million automotive stamping plant in Luverne, Alabama (Plant 1060918, PEC 04002601).

The plant will be located off Highway 331 in Crenshaw County on an 80-acre tract. Construction started on a 500,000 square foot plant to provide front-end modules and cooling systems for the Hyundai assembly plant in Hope Hull, Alabama. Completion of the $20 million building is slated for August 2004. Process equipment installation is expected to begin in June 2004 with operations slated for March 2005, creating 250 jobs.

Brice Building Company (Birmingham, Alabama) and Marshall Construction Company (Montgomery, Alabama) were awarded a joint venture design-build construction contract for the new plant.

Shin Young Metal Industrial Company, based in Yeongcheon, South Korea, is the third major supplier to follow Hyundai Motor Company to central Alabama. Shin Young Metal Industrial Company is expected to become the county's largest employer and will manufacture car frames and stamping goods for Hyundai Motor Manufacturing Company in Alabama.

For a complete list of automotive suppliers to the Hyundai plant see June 19, 2003 IIR Industry Alert: Hyundai Draws Automotive Suppliers to Alabama