Shinhwa, which makes aluminum die cast automotive parts, is planning a $37 million expansion of its plant in Auburn.
The investment incorporates Italian toolmaker SAPP S.p.A. into Shinhwa’s Auburn operations.
“The investment is a good indicator of the continued growth opportunities that companies find in Alabama’s auto sector,” said Ellen McNair, secretary of the Alabama Department of Commerce. “Bringing the tooling capacity to Auburn should further strengthen the manufacturing ecosystem of die casting companies in Alabama.”
Shinhwa began operating in Auburn in 2020 and has expanded multiple times since then.
“Shinhwa is once more growing its operations in Auburn, proving yet again that our city is fertile ground where businesses thrive,” Auburn Mayor Ron Anders said. “Businesses are the backbone of our community. We are grateful for Shinhwa’s investment in Auburn and look forward to seeing their continued success.”
This latest investment comes after Shinhwa’s acquisition of SAPP.
“This expansion is an important milestone that allows us to create a vertically integrated U.S.-based company,” said Kwi Hyun Lee, chairman of Shinhwa Group. “Leveraging SAPP’s advanced engineering knowledge will further enhance our technical capabilities as manufacturer of complex and integrated aluminum car systems and will enhance our capabilities to service our customers quickly and efficiently.”
