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The Korean automotive supplier will invest $40 million to locate its first U.S. manufacturing operations, Sungwoo Hitech America Corp, in Telford.
The company has purchased the former Alo Tennessee building in the Washington County Industrial Park, where the company will create 117 new jobs.
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Sungwoo Hitech America – LinkedIn
Sungwoo Hitech America | 339 followers on LinkedIn. Founded in 1977 and headquartered in Seoul, Korea, the company employs nearly 18000 people across 26 …
Source: www.linkedin.com
Date Published: 9/6/2021
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Sungwoo Hitech America Corp. Company Profile | Telford, TN
Where is Sungwoo Hitech America Corp.’s headquarters?
Source: www.dnb.com
Date Published: 3/3/2022
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Sungwoo Hitech Picks Tennessee For First U.S. …
Sungwoo Hitech will invest $40 million to locate its first U.S. manufacturing operations, Sungwoo Hitech America Corp., in Telford, TN.
Source: businessfacilities.com
Date Published: 6/23/2022
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Sungwoo Hitech Co., Ltd. – MarkLines Automotive Industry Portal
… Tennessee, the U.S. In April 2021, Sungwoo Hitech established Hitech America Co., Ltd., a wholly-owned subsiary in the U.S. Also, it acquired a …
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Date Published: 7/25/2021
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Sungwoo Hitech locates in Tennessee
Sungwoo Hitech America Corp. has purchased the former Alo Tennessee building in the Washington County Industrial Park, …
Source: southernautomotivealliance.com
Date Published: 11/3/2022
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015750: Sungwoo Hitech Co Ltd Stock Price Quote – KOSDAQ
Stock analysis for Sungwoo Hitech Co Ltd (015750:KOSDAQ) including stock price, stock chart, company news, key statistics, fundamentals and company profile.
Source: www.bloomberg.com
Date Published: 10/14/2022
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주제와 관련된 더 많은 사진을 참조하십시오 Sungwoo Hitech locates its first U.S. manufacturing operations in Washington County, TN. 댓글에서 더 많은 관련 이미지를 보거나 필요한 경우 더 많은 관련 기사를 볼 수 있습니다.
주제에 대한 기사 평가 sungwoo hitech america
- Author: TNECD
- Views: 조회수 420회
- Likes: 좋아요 5개
- Date Published: 2021. 8. 27.
- Video Url link: https://www.youtube.com/watch?v=nXFSsqDT4II
Sungwoo Hitech Picks Tennessee For First U.S. Manufacturing Operation
The Korean automotive supplier will invest $40 million, create more than 100 new jobs at the former Alo Tennessee building in Telford, TN.
Sungwoo Hitech will invest $40 million to locate its first U.S. manufacturing operations, Sungwoo Hitech America Corp., in Telford, TN. The Korean automotive supplier has purchased the former Alo Tennessee building in the Washington County Industrial Park, where it will create 117 new jobs.
“Sungwoo Hitech has experienced significant growth, and we are excited to now bring our first production facility to the U.S., in particular, Washington County, Tennessee,” said Suk Je Lee, CEO, president, Sungwoo Hitech America. “The support that we have received from the local, county and state government and from many others has been astounding. This is our first plant in the United States, but we see this as a steppingstone for future growth. We plan to invest and grow in this region and make a positive impact to the community.”
Sungwoo Hitech manufactures metal stamped components for the automotive industry. The company’s Telford facility will produce bumpers, rear components and side framing for customers including General Motors, Hyundai, Kia, Volkswagen and BMW. Renovations on the 380,000-square-foot facility are underway and manufacturing is slated to begin in early 2022.
Founded in 1977 and headquartered in Seoul, Korea, the company employs nearly 18,000 people across 26 facilities in 10 countries around the globe.
“We welcome Sungwoo Hitech America to Tennessee and appreciate the company’s decision to call Washington County home to its first U.S. manufacturing operations,” said Governor Bill Lee. “This $40 million investment will bolster our state’s reputation as a leader in automotive manufacturing while providing nearly 120 job opportunities in Northeast Tennessee.”
Over the last five years, the Tennessee Department of Economic and Community Development (TNECD) has supported 40 economic development projects in Northeast Tennessee, accounting for 3,350 job commitments and more than $1 billion in capital investment.
“South Korean companies employ nearly 3,500 Tennesseans, and of that, more than 1,000 are employed in the manufacturing industry,” said TNECD Commissioner Bob Rolfe. “We want to thank the Sungwoo Hitech America for choosing to locate in Telford and congratulate the company for becoming the first Korean-owned manufacturing facility in Washington County.”
Want to learn more about Tennessee corporate expansion?
Considering Tennessee for your company’s relocation or expansion project? Check out all the latest news related to Tennessee economic development, corporate relocation, corporate expansion and site selection.
Sungwoo Hitech Co., Ltd.
Mar. 1977 Sung Woo Metal Industries Co., Ltd was established in Busan.
Dec. 1981 The Company was incorporated as Sungwoo Company.
Oct. 1994 The Company established an R&D center.
Aug. 1995 The Company established Asan Sung Woo Hi-Tech Co., Ltd.
Oct. 1995 The Company was listed on the Kosdaq market.
Dec. 1996 The Company obtained ISO9002 and ISO14001 certifications.
Oct. 1998 The Company established Technical Stampings Automotive Ltd. (TSAL) in India.
Dec. 1998 The Company established Sung Woo Metal Coil Center Co., Ltd.
Jul. 1999 The Company obtained QS9000 certification.
Mar. 2000 The Company adopted a new company name, Sungwoo Hightech.
Aug. 2002 The Company established Sungwoo Hitech Wuxi Ltd. in China.
Oct. 2002 The Company established Beijing Sungwoo Che Hitech Co., Ltd. in China.
Nov. 2004 The Company obtained ISO/TS16949 certification.
Aug. 2005 The Company established Sungwoo Hitech s.r.o. in the Czech Republic.
May. 2006 The Company established Sungwoo Hitech Slovakia s.r.o. in Slovakia.
Dec. 2006 The Company established Sungwoo Hitech Automobile Components (Yancheng) Co., Ltd. in China.
Jun. 2008 The Company established Sungwoo Hitech Automobile Components (Shenyang) Co., Ltd. in China.
Jul. 2008 The Company established Sungwoo Hitech Rus LLC in Russia.
Jul. 2008 The Company established GS Hot Stamping in Korea.
Dec. 2008 The Company established Sungwoo Automotive India Private Limited in India.
Jun. 2009 Technical Stampings Automotive Ltd. (TSAL) adopted a new corporate name, Sungwoo Gestamp Hitech (Chennai) Pvt. Ltd.
Oct. 2009 The Company absorbed Sungwoo Metal C/Ctr Co., Ltd.
Jan. 2010 Sungwoo Automotive India Pvt. Ltd. adopted a new corporate name, Sungwoo Gestamp Hitech (Pune) Pvt. Ltd.
Jan. 2011 The Company established Yantai Sungwoo Yifeng Automobile Components (Shenyang) Co., Ltd. in China.
Apr. 2011 The Company and Uzavtosanoat established UzSungwoo, a 50-50 joint venture in Uzbekistan.
Jun. 2012 The Company acquired Weser Metall Umformtechnik GmbH & Co. KG (WMU).
Oct. 2014 The Company established Sungwoo Hitech Mexico S.A. de C.V. in Mexico.
Apr. 2015 The Company established Cangzhou SungWoo Automobile.Parts.Co., Ltd. in China.
Sungwoo Hitech locates in Tennessee
This is the first U.S. manufacturing operation for the company.
Sungwoo Hitech is investing $40 million in its first U.S. manufacturing facility in Telford, Tennessee.
Sungwoo Hitech America Corp. has purchased the former Alo Tennessee building in the Washington County Industrial Park, where the manufacturer of metal stamped components plans to employ 117 people.
“Sungwoo Hitech has experienced significant growth, and we are excited to now bring our first production facility to the U.S., in particular, Washington County, Tennessee,” said Suk Je Lee, CEO and president of Sungwoo Hitech America. “This is our first plant in the United States, but we see this as a steppingstone for future growth. We plan to invest and grow in this region and make a positive impact to the community.”
– Sponsor –
The Telford facility will produce bumpers, rear components and side framing for customers including General Motors, Hyundai, Kia, Volkswagen and BMW. Renovations on the 380,000-square-foot facility are underway and manufacturing is slated to begin in early 2022.
“We welcome Sungwoo Hitech America to Tennessee and appreciate the company’s decision to call Washington County home to its first U.S. manufacturing operations. This $40 million investment will bolster our state’s reputation as a leader in automotive manufacturing while providing nearly 120 job opportunities in Northeast Tennessee,” said Gov. Bill Lee.
Founded in 1977 and headquartered in Seoul, Korea, Sungwoo Hitech has 26 facilities in 10 countries employing nearly 18,000 people. The company has relied on its research and development centers to help it establish its light weighting technology, using materials such as aluminum, CFRP, magnesium and giga steel in its products.
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