Shinhwa Auto USA Corp. will add high-pressure aluminum diecasting and post-processing capabilities to the machining operation it opened two years ago in Auburn, AL, operation. The South Korean transplant business supplies driveshafts to Hyundai vehicles assembled in Montgomery, AL, and Kia vehicles assembled in West Point, GA.
“The addition of high-pressure diecasting capabilities will allow us to provide additional Made in Alabama components to our client base,” according to Daejin Park, president of Shinhwa US Auto Corp.
The schedule for the expansion and start-up have not been reported. The company has posted openings for melting and diecasting operators, maintenance and mold maintenance technicians, and quality inspectors.
Shinhwa Auto USA was a $42-million investment by Shinhwa Co. Ltd., which uses high-pressure and low-pressure diecasting, as well as squeeze casting, to produce brake components, drivetrain and steering system parts, and gear-shift parts for automotive manufacturers.
“Shinhwa has been a great addition to Auburn’s high-tech manufacturing base since they chose Auburn for their first U.S. operation in 2019,” stated Auburn mayor Ron Anders. “We are excited they have decided to invest an additional $70 million and create some 48 jobs over the next two years. This is just another example of the impact a strong, diversified industrial base has on our local economy now and for years to come.”