The South Korean company PHA, which makes latches, hinges and other parts for vehicle doors and hoods, will become the sixth major supplier to locate near a...
BLOOMINGDALE, Ga. — The South Korean company PHA, which makes latches, hinges and other parts for vehicle doors and hoods, will become the sixth major supplier to locate near a Hyundai Motor Group plant being built in coastal Georgia.
Hyundai... BLOOMINGDALE, Ga. — The South Korean company PHA, which makes latches, hinges and other parts for vehicle doors and hoods, will become the sixth major supplier to locate near a Hyundai Motor Group plant being built in coastal Georgia. Hyundai 005380 said in May it would build a $5.5 billion plant to assemble electric vehicles and batteries in Ellabell, Georgia. The site could grow to 8,100 employees and is slated to begin producing vehicles in 2025.Hyundai suppliers have now announced $1.8 billion of investments in the region.
The local community will donate land for the plant, said Angela Hendrix, a spokesperson for the Savannah Economic Development Authority. She said Chatham County would abate property taxes for 15 years, saving the company a projected 60% on taxes. Hendrix did not release a dollar value for the abatements.
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