Automotive supplier Daewon America Inc. has announced plans for a $46.2 million expansion in Opelika. The expansion is expected to add 100 jobs.
The company plans to add space and equipment at its site in the Northeast Industrial Park, with the expansion ready by summer of 2027.
“I believe everything in our local economy starts with a good paying job,” said Opelika Mayor Gary Fuller. “That has been my focus since you hired me as your mayor in 2004. Our community has been blessed with over 5,000 new good paying jobs since 2004. This significant additional capital investment by Daewon will result in property tax revenue to benefit Opelika City Schools, East Alabama Health and Lee County Youth Development Center.” Fuller also praised the city council and economic development officials for their work on the project.
Daewon America President Chris Cho added, “Daewon America is proud to partner with the City of Opelika and the economic development team in expanding our operations. Opelika has been an incredibly supportive home for our United States headquarters.”
Daewon opened in Opelika in 2006 and has invested more than $164 million over the past 18 years, while creating 260 jobs.
