Have you heard the news? Daewon America, Inc. announces a $46.2 million investment, creating jobs, benefiting tax revenue and more. Keep reading to learn everything we know about this project.
About the investment
Daewon America, Inc. announces a $46.2 million investment, but what exactly does that mean? This investment in Opelika entails a building expansion, new manufacturing equipment to be installed and will create more than 100 new jobs!
But the benefits of this investment do not stop there. Opelika Mayor Gary Fuller told reports that “this significant additional capital investment by Daewon will result in property tax revenue to benefit Opelika City Schools, East Alabama Health and the Lee County Development Center.”
Part of the Opelika community since 2006, Daewon America, Inc. has been thriving in the area for 18 years. Throughout that time and with the addition of this new project, the company has invested more than $164 million and the new total number of jobs created to 260!
The new additions to Daewon America, Inc. in Opelika should be complete in the summer of 2027.
More about Daewon America, Inc.
Daewon America, Inc. is located in the Northeast Industrial Park in Opelika. This company manufactures automotive parts, including products such as suspension springs, precision springs and seats.
The seats, for instance, are designed for passenger comfort in both automobiles and trains. Precision springs are used in everyday life in ways you probably don’t realize. They are used in auto parts, electronic products, high-precision IT parts, industrial machinery and more.
Summary
From new equipment to space to more jobs, Daewon America, Inc. announces a $46.2 million investment that is set to boost the local economy. Are you ready to join this fast-growing community? Contact Ryan Roberts to start your next real estate venture.
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