Hanwha Advanced Materials, a leading manufacturer of automotive components, has announced plans to invest $100 million in a new 200,000-square-foot industrial facility located just outside Georgetown. The company specializes in injection molding and is known for producing lightweight and environmentally-friendly products for car structures and interiors.
Williamson County commissioners are currently reviewing a potential tax abatement incentives agreement with Hanwha Advanced Materials for this project. With customers such as Toyota and GM operating along the I-35 corridor in San Antonio and Arlington respectively, it is speculated that Hanwha may be coming to the Austin metro area to serve Tesla Inc.’s electric vehicle factory.
Having worked with major automotive brands such as Hyundai, Kia, BMW,Daimler,Volkswagen,and Ford,the company’s global presence includes manufacturing facilities in Alabama,North Carolina,and Michigan. This latest investment further solidifies their commitment to providing high-quality auto parts while also creating job opportunities within the local community.
The article “Auto Parts Maker Investing $100M in Georgetown Factory” was originally published on Connect CRE.
