Hanwha Advanced Materials America LLC will invest nearly $20 million to expand its Opelika, AL facility in the Northeast Opelika Industrial Park. The company will create 100 new jobs over the next three years. This new capital investment will increase the company’s total investment in Opelika to nearly $80 million.
Since Hanwha Advanced Materials America LLC established its operations in Opelika in 2005, the company has continually invested in new equipment and building improvements and has far exceeded its initial commitment of 150 jobs. The addition of the new 100 jobs will bring Hanwha’s employment level to more than 400.
“It is truly an honor when existing industries continue to grow and invest in our community. We are glad to assist Hanwha in their continued success,” said Opelika Mayor Gary Fuller.
Hanwha Advanced Materials America LLC specializes in high quality Lightweight Composite Materials such as Stronglite, Superlite, Bufflite, Xtralite, and Intermlite. The newly expanded facility will increase the company’s production capacity as well add more diversity to its product line. This expansion will also enhance the company’s ability to continue delivering the highest quality automotive parts in the industry.
“Alabama’s dynamic auto industry continues to grow through expansion projects like the one at Hanwha that will add 100 jobs in Opelika,” said Governor Kay Ivey. “This is more proof that Alabama offers the kind of business environment that can foster significant job growth in communities across the state, which aligns with the priorities of my administration.”
Hanwha Advanced Materials America LLC is a part of the automotive division of Hanwha Group based in Seoul, South Korea. Hanwha is a tier one supplier to Hyundai Motors Manufacturing of Alabama and Kia Motors Manufacturing of Georgia and produces an array of products including headliners, underbody shields, bumper back beams, as well as the bumper’s impact resistant core.
Relocating or Expanding Your Business In Alabama
Considering Alabama for your company’s relocation or expansion project? Check out Business Facilities’ Alabama Incentives and Workforce Development Guide.