Transmission manufacturer Hyundai Powertech of Seosan, South Korea, announced it is to open its first U.S. operation in West Point, to supply the Kia Motor Corp. plant being built there.
Powertech America is to lease 20 acres on the same sites as the Kia plant, creating 355 jobs at its $150 million manufacturing facility.
The $1.2 billion Kia plant is creating about 2,500 jobs and suppliers locating in Georgia are to add another 3,765 employees and more than $506 million.
Drew Ferguson III, chairman of the West Point Development Authority, said the jobs being created by Powertech and other Kia suppliers are high-paying, skilled positions.
Diethard Lindner, chairman of the Development Authority of LaGrange, said Powertech’s decision to locate in the state is significant because it shows a desire to invest in Georgia rather than import from plants in South Korea.
Powertech is an affiliate of South Korean automakers Hyundai Motors Corp., Hyundai Mobis and Kia.