Automotive parts supplier Sewon America, a subsidiary of South Korea-based Sewon Precision Industry Co. Ltd., is investing more than $300 million in a new Rincon, Ga.-based manufacturing plant for EV body parts.
"Sewon America was founded 15 years ago in west Georgia, and I'm very happy to be able to build another Sewon facility in east Georgia," Vice Chairman Moonki Kim of Sewon America said in Feb. 21 news release. "We are very excited about our future as one family in two Georgia locations. … Sewon America will continue as an excellent corporate and community partner, and we look forward to continued success in Effingham County."
Expected to begin operations in 2025, the new facility will produce EV body parts for OEMs including Hyundai Motor Group's Metaplant America, the release said.
The facility is expected to create 740 new jobs in the area.
Suppliers for the Metaplant have now committed over $1.8 billion in investment, surpassing initial estimates by at least $800 million.
Sewon America opened a manufacturing facility in LaGrange in 2008, which has since doubled in size, the release said. Sewon is expected to support 1,600 jobs in Georgia after the Rincon facility is complete.