Hyundai to Invest Another $292 Million in Alabama Plant
MONTGOMERY, AL—Hyundai Motor Manufacturing Alabama (HMMA) recently announced that it’s preparing to invest nearly $300 million more in new machinery and equipment for its factory here. The money will help with production of the redesigned Elantra and Santa Fe vehicles as well as the car company’s new, more fuel-efficient Theta engine.
Back in June, HMMA celebrated the opening of this new cylinder head manufacturing plant--the third facility to support the production of more than 650,000 engines per year. The 260,000-square-foot facility represents a $388 million investment and 50 new jobs.
HMMA’ says the projects will start in November and be completed by April 2020. The Montgomery Chamber of Commerce says HMMA’s investment in the River Region over the last two years stands at approximately $680 million.