A Turkish manufacturer of electrical distribution systems and cable trays is setting up a U.S. headquarters in Dunwoody, with plans to hire a “significant number” of engineers as it builds toward eventually manufacturing locally. EAE Elektrik is a nearly 50-year-old firm based in Istanbul with six Turkish factories totaling more than 2.7 million square feet of […]
Economic Development
After 25 Years in Brazil, Georgia Eyes Sustained Investment Momentum
Despite headwinds, 2020 seems to be shaping up to be an opportune time for Georgia’s Sao Paulo office to celebrate 25 years helping Brazilian companies set up shop in the state. At least before the pandemic slammed both countries, business was booming, with a slew of Brazilian companies discovering the advantages of south Georgia, where agribusiness […]
Chemours Invests $86M in Georgia Acquisition, Mining Operation
Chemical manufacturer Chemours is investing $86 million to acquire a Georgia company and open a new mining operation and plant in Wayne County, Ga., a move that will create 78 jobs. The Delaware-based DuPont spinoff makes Teflon and other chemical brands and mineral sands used in manufacturing in industries like aerospace, automotive and energy. It’s […]
Papa John’s Becomes Latest Global Franchise Player to Set Down Atlanta Roots
Papa John’s may be known to Americans as the pizza chain down the street, but when the franchisor moves its headquarters to Atlanta, it also brings extensive global connections. Founded in Louisville, Ky., Papa John’s announced this week it would move key corporate operations to Georgia, where it already employs 2,500 people. Around the world, the […]
SK Battery Installs Immigration Checks Amid Criticism of Hiring Practices at Korean-Owned Plant
SK Innovation is taking new steps to ensure immigration compliance at its $2.6 billion project in Jackson County amid growing evidence that foreign workers are displacing Americans during the construction process. The Korean electric-vehicle battery maker instituted daily document checks Thursday, a week after Rep. Doug Collins, a Republican whose district encompasses the plant, first asked Immigration and Customs […]
Thyssenkrupp’s Cobb HQ Project Rises Despite Sale of Elevator Unit
The new owners of Thyssenkrupp Elevator have no plans to slow down a massive $200 million test tower and headquarters project in metro Atlanta, even as the coronavirus pandemic continues to present headwinds for the global economy. Private equity firms Advent International and Cinven led an international consortium that closed on the deal July 31 for 17.2 billion euros (about $20.4 billion). […]
Interview: Philippines Ambassador on Balancing Pacific Partnerships During a Pandemic
Rather than turning inward, the Philippines is paying even more attention to managing its delicate international relationships as it faces Southeast Asia’s worst coronavirus outbreak and a dramatic economic downturn at home. The nation of 110 million people’s balancing act is shown in the pursuit of what many see as the only true remedy for the […]
Faced With Tariffs, Korean Mattress Manufacturer to Invest $108M in Georgia, Hire 804
Korea-based Zinus USA Inc., a furniture and mattress manufacturer, is investing $108 million in a new Henry County factory that will employ 804 people. Gov. Brian Kemp, who traveled to Korea in 2019 to drum up business from a nation rapidly becoming one of Georgia’s biggest foreign investors, announced the deal with company executives in […]
Georgia’s Trade and Investment Office in Canada Heads to Montreal
Georgia has appointed a Montreal-based firm to sell the state as an investment destination and promote its exports in Canada following the retirement of its longtime representative in its top export market. Gail Morris recently stepped down after 10 years of service, prompting a nationwide search within Canada that officially started in May and culminated in early […]
Berlin-based HelloFresh Comes to Georgia as Meal Kit Demand Surges During Pandemic
HelloFresh SE, the publicly traded meal kit service based in Berlin, is setting up a distribution center in Newnan that will employ 750 people. The Coweta County facility will be located at 510 International Park and is to span nearly 209,000 square feet, helping the German-owned firm deliver its HelloFresh and more budget-minded EveryPlate kits […]
