South Korean injection molder Taesung Precision Co. Ltd. will build its first U.S. plant — and first site that makes auto parts — in Shorter, Ala.
The $6.6 million, 40,000-square-foot plant will employ 70 people during its initial phase of operations, the Alabama Department of Commerce said in a Dec. 6 news release.
Taesung, based in Gimhae, has plants in South Korea, Poland, Russia and Mexico making parts for consumer products, with customers including brand names from LG Electronics, Whirlpool and Electrolux. The site in Shorter puts it close to Hyundai Motor Co.'s assembly plant in Montgomery, Ala., for its entry to the auto industry supply base.
In addition to producing molded parts, Taesung will have design operations for its auto customers, state officials said.
The plant should be fully operational by the end of 2015 with an annual payroll of $2.8 million. Alabama officials said they expect Taesung will expand at the site, although the company did not disclose any specific plans.