A South Korean company that makes automotive seat frames will open a factory in Georgia to supply a new Hyundai Motor Group plant. Daechang Seat Corp., based in Gyeongju, South Korea, said Monday that it would invest $72.5 million in a plant in Savannah, hiring more than 500 people.
SAVANNAH, Ga. — A South Korean company that makes automotive seat frames will open a factory in Georgia to supply a new Hyundai Motor Group plant.
Daechang Seat Corp., based in Gyeongju, South Korea, said Monday that it would invest $72.5 million in a plant in Savannah, hiring more than 500 people.and batteries in Ellabell, near Savannah. The Hyundai plant, which was announced last year, could grow to 8,500 employees and could begin producing vehiclesAutoworkers strike at Stellantis plant shutting down big profit center, 41,000 workers now picketingDaechang Seat opened a factory in Phenix City, Alabama, in 2019.
Workers will make an average wage of more than $18 an hour, not including bonuses and benefits, said Angela Hendrix, a spokesperson for the Savannah Economic Development Authority. The state will pay to train workers. Daechang Seat could qualify for $10 million in state income tax credits, at $4,000 per job over five years, as long as workers make at least $31,300 a year. Local officials have granted a 15-year property tax reduction that’s projected to save the company $5.8 million, Hendrix said. Local officials are also selling land for the plant at a reduced rate.
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