TELFORD, TN—A South Korean auto parts supplier will locate its first U.S. assembly plant here.
Sungwoo Hitech America Corp. will invest $40 million to buy and equip and existing 380,000-square-foot factory building in the city. Sungwoo has committed to creating 117 jobs by 2025 and 206 positions by 2027. The jobs are expected to pay an average annual salary of $35,000.