Hyundai to build second Montgomery engine plant - Birmingham Business Journal:

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billion production facility in Montgomery less than twoyearxs ago, would build a second engine planft on the site. The South Korea n carmaker willinvest $270 millionb in the new project, which will create 522 new The company will build a 350,000-square-foo t facility to manufacture 2.4-liter, four-cylinder Thetaq engines for use on site by Hyundau and at the new plant under construction in nearby Georgia. Kia is a sister company to The new project also will includ ea 533,000-square-foot consolidation center and a container Construction is slated to begin immediately, with engine productiohn to begin by September 2008. the Hyundai plant manufactures 3.
3-liter, six-cylinder Lambda It produces the company's Sonata sedan and Santaq Fe sport-utility vehicle for the North Americamn market. At full capacity, the plant can manufacturre 300,000 vehicles a year. Industry watcherds have long expected Hyundai to follow the examplesof Alabama's other automakers and announced an expansion of its facility. The car company built the existing plant, which employs about 3,100 on more than 1,700 acres, with room for adding on.
Hyundai officials estimate as many as four or fivenew tier-on suppliers could locate in the region as a resultt of the expansion, bringing with them another $125 millionb in capital investment and 400 additional "This is another tremendous boost for Alabama'sw growing economy and automotive industry," Gov. Bob Riley said in a news "The hundreds of new jobs, both at the plan and at the Tier 1 is great news for the residentsof Alabama.
" Rileh joined legislators, local officials and Hyundaik representatives in Montgomery to announce the