Grant & Loan Awards: Troup County
EDGE funds to assist with site preparation to support the location of Dae Ha America Corporation, a newly formed Tier 2 automotive parts supplier of plastic resins to supply Kia's new plant in West Point. The Company will construct a 53,000 SF facility on 20 acres within the LaGrange Industrial Park. Daeha Co, Ltd., the parent company, is a privately held South Korean-based manufacturer of engineering plastics for automotive and internal appliance products. This will be the Company’s first manufacturing facility in the U.S.
EDGE funds to assist with building improvements to an existing 178,354 square foot building in the LaGrange Industrial Park for the location of Hanil E Hwa to Troup County. HEH is a tier one supplier to KIA and uses resin pellets and injection molding to manufacture automotive interior parts such as door trim, seats, head liners, shelf covering and package trays.
EDGE funds to assist with the location of an auto supply manufacturing facility for Powertech America, Inc. (PAI). PAI will manufacture four, five and six speed automatic transmissions for the KIA Motors Georgia facility as well as Hyundai Mobis. The Company plans to construct a 211,444 square-foot facility on a 42 acre site located within the KIA pad. PAI is a subsidiary of Hyundai Powertech (HP), established in Korea in 2001, which has supplied transmissions to KIA for the last seven years. This will be HP’s first transmission operation in the U.S.
EDGE funds to assist with the location of an auto supply manufacturing facility for Sejong Georgia, LLC (SGL). Sejong will manufacture mufflers and exhaust systems for the KIA Motors Manufacturing Georgia facility currently under construction. SGL plans to make improvements to an existing 108,000 square-foot facility in close proximity to the KIA plant. SGL is a subsidiary of Sejong Industrial Co. Ltd. (SJC), a South Korean-based company that was founded in 1976. SJC has plants throughout the world including South Korea, China, Russia and several sites in Europe. The company also operates a facility in Fort Deposit, Alabama that manufactures the same products for Hyundai. The LaGrange, Georgia plant will be the Company’s third facility in the U.S.
EDGE funds to assist with the construction of a manufacturing facility to support the location of Sewon America, Inc. (SAI), a Korean auto supplier, to LaGrange, Troup County. SAI plans to construct a 420,000 square-foot facility on 62 acres in the Callaway South Industrial Park, which is located near the KIA facility. The Company will manufacture frame stampings and major chassis components, and SAI will be the largest supplier to KIA. SAI is a subsidiary of Sewon Precision Industry Co., LTD. (SPI) which was established in 1989.SPI is a Tier-One automotive supplier, primarily to KIA, and has plants in Korea and China.
Equity funds to assist with the development of a regional comprehensive marketing/tourism plan to effectively position the Hwy 27 corridor and the associated 18 counties as a travel and tourism â€œdestination of choice.â€ The Hwy 27 Association was formed to promote economic development, tourism and the protection of cultural and scenic resources along US Hwy 27, which runs 352 miles along the western portion of the State. The Association's 18 member counties seek to build on their existing tourism industry and develop additional products. The group has provided $52,000 of in-kind work/investment to-date, and they recognize the value of developing key partnerships and alliances. These include working with GA DOT on their plans to four-lane Hwy 27. Add 18 counties
EDGE funds to assist with site preparation costs in support of the location of a 90,000 SF injection molding facility for DaeLim USA (DLU) to LaGrange, Georgia. DLU, a Korean supplier of injection molding, will be situated on 23.5 acres in the Jim Hamilton Industrial Park. This facility will supply interior door handles to the Hyundai plant in Montgomery, Alabama. In addition, the Company hopes to also supply the Kia plant that is currently under construction in West Point. DLU is part of the Automotive Business segment of Illinois Tool Works (ITW). ITW recorded revenues of over $14 billion in fiscal year 2006 and is a Fortune 500 company. Dating back to 1912, ITW is a global company that operates 750 business units in 49 countries and employs over 55,000 people. Private investment is expected to be $11 million. This project is in competition with Alabama.
Equity funds to assist with the construction of a one million gallon water storage tank to serve Hyundai-owned Mobis Georgia, LLC and Glovis Georgia, LLC. Both companies will serve as suppliers for Kia Motors America. The two facilities will be constructed adjacent to the new Kia plant on the 2,200-acre Webb Road mega-site on the west side of I-85. Mobis will construct a 310,000 square-foot facility that will fabricate chassis, front-ends, bumpers and cockpit modules for Kia. Glovis will construct and operate a consolidation and vehicle processing center where they will be responsible for pre-delivery inspection, cleaning, undercoating, wheel installation and shipping Kia vehicles. By the end of 2010, both companies will have created 1,300 new well-paying jobs that will positively impact a multi-county area and bring new residents to the region.
EDGE funds to assist with building construction costs in support of the location of ae group, a German manufacturer of state of the art pressure aluminum die castings used in automobile parts. The Company was founded in 1951 and employs over 1600 in facilities located in seven European countries. The Company plans to locate a manufacturing facility in a new 102,000 SF building to be constructed on 40 acres in the Jim Hamilton Industrial Park in LaGrange. This project will create 105 new jobs within two years and increase to 295 new jobs within five years. Private investment is projected to be $39 million. This project is in competition with Tennessee and Kentucky.
Equity funds to construct public infrastructure improvements to an additional 60 acres at the West Point Technology Park. The economy of the area has struggled with the closure of textile manufacturing facilities along with a slow recovery in the high-tech sector. The development of the 60-acre tract is an important strategy to support further diversification of the areaâ€™s economy. The applicant indicates that less than 7 acres with infrastructure is available in the original industrial park development that can be marketed to prospects.
Equity funds for the construction of a technology and training center within the existing West Point Technology Park. The center will provide courses in various business applications, wireless technology, internet services, communications infrastructure, e-commerce and other technology fields.