Hyundai manufacturing investments in the United States

Overview

Hyundai Translead, a subsidiary of Hyundai Motor Co., has increased its planned investment for new manufacturing operations in Will County, Illinois. The commitment has risen to approximately $600 million, an increase of $150 million from the original March announcement. This expansion is intended to establish two facilities by repurposing former Lion Electric and Caterpillar plants, with the goal of creating 3,750 full-time positions and adding a third production shift to meet customer demand.

In Louisiana, Hyundai-POSCO Louisiana Steel (HPLS) is also preparing for workforce expansion at its Ascension Parish plant. The company expects to hire between 230 and 300 employees by the end of 2027, with plans to reach approximately 1,000 employees in 2028 and an ultimate goal of roughly 1,400 workers. To support these developments, regional training initiatives are being established, including a Manufacturing Training Academy at Joliet Junior College in Illinois and the RPCC-Hyundai Training Center in Louisiana.

Entities

JB Pritzker · Hyundai Translead · Illinois · Will County · Hyundai Motor Co.

Timeline

1 day ago

[BUSINESS] 2 sources
Hyundai expands manufacturing investments in Illinois and Louisiana
Hyundai is increasing its manufacturing footprint in the U.S., committing $600 million and 3,750 jobs in Illinois, while planning to employ up to 1,400 workers at its Ascension Parish, Louisiana facility.
5 days ago

[BUSINESS] 2 sources
Hyundai Translead increases Illinois investment to $600 million
Hyundai Translead is increasing its Illinois investment to $600 million, aiming to create 3,750 full-time jobs at two repurposed manufacturing sites in Will County by 2027.

Sources

1012industryreport.com · automobilemagazine.com.tr · capitolfax.com · globaltrailermag.com