Korea Fuel Tech America Inc. is investing more than $10 million in a facility in Auburn’s Technology Park to produce eco-friendly automotive fuel parts. Once operational, the facility is expected to employ 90 people.
“It is exciting to see this building located in the center of the Auburn Technology Park South receiving new investment, renovation and ultimately new life,” said Auburn Mayor Ron Anders.
Headquartered in South Korea, Korea Fuel Tech manufactures carbon canisters, plastic filler necks and other automotive parts for several original equipment manufacturers, including Hyundai, Kia, GM, Volkswagen and Porsche. The Auburn operation will include injection molding and assembly manufacturing processes.
“Coming to Auburn enhances our ability to localize production of automotive components in the U.S. and better service our customer base,” said Howard Kwon, CEO of Korea Fuel Tech America Inc.