Samkee Corp., a South Korean automotive supplier, will invest $128 million to open its first U.S. factory in Tuskegee.
The project will create 170 jobs in Macon County, Gov. Kay Ivey’s office said.
Samkee will be a Tier 1 supplier to Hyundai Motor Co.
“Alabama’s auto industry is filled with world-class manufacturing companies from around the world, and Samkee will fit right in with that group,” Ivey said. “We’re proud that the company selected Alabama for its first U.S. production center and look forward to seeing it grow and thrive in the coming years.”
Samkee specializes in high-pressure die-cast aluminum components, including parts for engines, transmissions and electric vehicles. The company has factories in South Korea and China, and production in Macon County is expected to begin in 2024.
“Samkee is a worldwide leader in quality manufactured aluminum die cast products,” said CEO Chi Hwan Kim. “Our Tuskegee plant will allow our company to serve the North American market along with Hyundai’s market growth for both combustion engines and transmissions, as well as electric vehicle and battery parts.”
An analysis by the Center for Business and Economic Research at the University of Alabama shows that the Samkee factory will generate $140.2 million in annual economic output in Macon County.
