TUSKEGEE, AL—Korean auto parts manufacturer Samkee Corp. is investing $128 million to build its first U.S. assembly plant here, creating 170 jobs with an average pay of just over $20 an hour.

Construction has begun this month, production is expected to begin sometime in 2024. Samkee makes high-pressure die-cast aluminum components for engines, transmissions, and electric vehicles. The company also makes alloys and will act as a Tier 1 supplier for Hyundai.

The company also operates factories in China and Korea.

Tuskegee Mayor Tony Haygood called the announcement “a major step in Tuskegee’s progression as a city.” Tuskegee has spent well over a year coaxing the company to come to Macon County. The city is now planning upgrades for the water and sewer system. A new power substation will be installed to accommodate Samkee’s new factory as well.

The assembly plant will generate $140.2 million in annual economic output in Macon County, contributing more than $37 million to the county’s GDP while also generating $1.3 million per year in taxes.