Shinhwa Auto USA Corp. announced Tuesday a $114 million expansion at its Auburn plant that will create 50 jobs.
A new 170,000-square-foot building will be used to house the production of electric vehicle parts for Hyundai, Kia and other automakers. The company announced that Shinhwa would expand die-casting operations and add associated processes required to make control arm, knuckle, carrier and motor housing covers.
“As one of the most innovative industrial manufacturers of aluminum car components, we are confident that the momentum we have achieved will continue to meet customers’ growing demand for high-quality products,” said Kwi Hyun Lee, chairman of Shinhwa Group.
The company is located in the Auburn Technology Park West off of Lee Road 10. It has been there since 2019 and has steadily expanded to support both electric and combustion engine manufacturing.
This is the third expansion for the Auburn facility. The company currently has 220 employees.
The average pay for workers at the plant is $48,000.
“Shinhwa’s story here in Auburn is evidence of the work generations of leaders have done to make our community not only welcoming to but also fertile ground for businesses,” Auburn Mayor Ron Anders said. “We’re grateful for Shinhwa’s investment in Auburn and look forward to seeing them continue to thrive.”
Shinhwa was established in 1995 and is headquartered in South Korea.
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