Daechang will invest 30 million U.S. dollars in the seat frame plant in Franklin, Indiana
Daechang seat Co. Ltd., a South Korean auto supplier, announced plans to open a $30 million factory in Franklin, Indiana, which will employ 100 employees.
The project investment includes $15 million and $2.5 million.Daechang will produce seat frames for Kia, Hyundai and Subaru.The company plans to start work in the third quarter and the Franklin plant should be in operation by September or October 2022.
Mark Kim, general manager of Dachang’s Indianapolis plant, said the company needed a new plant in order to start its own metal stamping work. “We have been importing these metal stamping parts, and we will bring these parts in and produce them locally to improve our efficiency.”
The company’s Indianapolis headquarters opened in 2017, It then opened a plant in Alabama in 2019, and now Franklin is its third U.S. plant.