Project will create 55 new jobs
ALUKO Group, the South Korean-based company set to manufacture aluminum battery casings for Ford’s BlueOval City, officials announced today the company has selected Jackson to locate its first U.S. manufacturing facility.
“On behalf of the ALUKO Group, I am delighted to announce our strategic investment in Tennessee, which marks a significant milestone as we expand into the North American market. This partnership underscores our commitment to mutual growth and success, and we are deeply grateful for the invaluable support and collaboration of the Tennessee state government. We eagerly anticipate a thriving future for both the ALUKO Group and the state of Tennessee,” said ALUKO Group Chairman Do-Bong Park.
The project will create 55 new jobs in Madison County and represents an investment of $36.3 million. The new facility will manufacture aluminum battery casings for operations at Ford Motor Company’s BlueOval City.
Based in South Korea, the ALUKO Group consists of ALUKO, Hyundai Aluminium, Gogang Aluminium, Alutec, KPTU, Hyundai Aluminium Vina and Alutec Vina. Today, the company has approximately 4,500 employees worldwide.
“The state with the strong workforce always wins, and Tennessee’s highly skilled workers are attracting companies from around the world. I welcome the ALUKO Group to the Volunteer State and thank them for their commitment to creating high-quality jobs for families in Madison Countys” said Gov. Bill Lee.
South Korea is one of Tennessee’s top countries for foreign direct investment, and since 2019, has emerged as the state’s No. 1 partner for foreign direct investment with Korean companies investing more than $4.5 billion and creating nearly 3,500 jobs statewide.
Image by onlyyouqj on Freepik.
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