STATESBORO, Ga.—A South Korean company will build a $40 million factory in coastal Georgia to make heating and cooling systems near a Hyundai Motor Group auto assembly plant.
Hanon Systems announced Tuesday that it would build the plant in Statesboro, with plans to hire at least 160 new employees.
Hanon Systems is the eighth major supplier to locate in the region after Hyundai said in 2022 that 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.
Hanon Systems and seven other suppliers have since pledged to invest more than $2 billion and hire 4,800 people….