Samkee Launches $138 Million US Manufacturing Venture in Tuskegee

Synopsis: South Korea-based auto parts manufacturer Samkee Corporation inaugurated its first US manufacturing facility in Tuskegee, Alabama, marking a significant $138 million investment aimed at creating 170 new jobs in Macon County. The facility's opening ceremony was attended by Chihwan Kim, CEO of Samkee Corporation, and Alabama Commerce Secretary Ellen McNair, highlighting the strategic importance of the new plant in bolstering Alabama's automotive sector.
Friday, June 28, 2024
Source : ContentFactory

Samkee Corporation, known for producing a range of automotive components including transmissions, electric vehicle components, and batteries, views its new Tuskegee facility as pivotal in serving as a major supplier to Hyundai Motor Manufacturing Alabama in Montgomery.

Alabama Commerce Secretary Ellen McNair emphasized the economic impact and growth potential of Samkee's investment, stating that the new facility adds strength to Alabama's automotive supply chain and reinforces the state's position as a hub for automotive manufacturing.

The new manufacturing plant, situated in Tuskegee Commerce Park, is expected to generate substantial economic benefits for Macon County, projecting an annual economic output of $140.2 million and contributing approximately $1.5 million annually in new tax revenue, according to estimates from the Alabama Department of Commerce.

In addition to economic benefits, the facility will provide 170 new jobs with an average wage of slightly over $20 per hour, enhancing employment opportunities in the region and supporting local economic growth.

Alabama, known for its robust automotive industry, ranks among the top states nationally for automotive production and leads in auto exports. The state currently employs around 50,000 individuals in the automotive sector, underscoring its pivotal role in the U.S. automotive manufacturing landscape.

The launch of Samkee's Tuskegee facility reflects a broader trend of automotive manufacturers and suppliers investing in rural communities across Alabama. Brenda Tuck, rural development manager for the Alabama Department of Commerce, highlighted the attractiveness of Alabama's rural areas for such investments, noting over $2 billion in growth projects in rural communities since 2015.

Samkee Corporation's decision to establish its first U.S. manufacturing footprint in Tuskegee underscores the company's commitment to sustainable growth within the automotive industry and positions it strategically within Alabama's thriving automotive manufacturing ecosystem.