Hyundai Motor Manufacturing Alabama (HMMA) is receiving nearly $400 million from Hyundai to support new engine production. The monies will be used to construct a plant dedicated to engine head manufacturing, but also to enhance existing operations and support production of the new Sonata and Elantra.
HMMA, which opened in May 2005, is the River Region?s largest private manufacturer with 2,700 full-time and 500 part-time employees. With this latest investment, 50 new jobs are expected.
Upward Expansion
Alabama Governor Kay Ivey joined HMMA for the announcement.
?Hyundai is an important member of Alabama?s dynamic auto industry, and this expansion at its Montgomery manufacturing facility will power the global automaker?s drive for future growth in the U.S.,? she said. ?Hyundai?s significant new investment is a strong testament to the company?s confidence in its Alabama operation and in its highly skilled workforce.? ?With our latest expansion, HMMA continues to show its strong commitment to the people of Montgomery and the people of Alabama,? added Hyundai President and CEO Dong Ryeol Choi. ?Hyundai is continuing its track record of investing in new manufacturing technologies to ensure the long-term success of our Alabama assembly plant.?
2018 Hyundai Elantra GT. Photo: Hyundai Motor America.
Construction & Capacity
Officials say it will cost approximately $40 million to construct the 260,000-square-foot building that will house the head machining equipment. Constructio...