Mando Corp., a South Korea-based global automotive parts supplier, plans to bring a high-tech manufacturing operation and 426 jobs to Meriwether County in west central Georgia.
The $200 million facility will supply electric power-steering gears and anti-lock brakes to vehicle manufacturers including Chrysler, General Motors, Hyundai and Kia.
Mando initially plans to employ 200 people, then add jobs as the operation grows. Of the 426 total positions that are expected, 380 are to be advanced manufacturing jobs. The others will be leadership positions.
Georgia Department of Economic Development commissioner Chris Cummiskey said Mando's decision to locate in Georgia was based on the state's logistics system, its skilled workforce and its location.
The company qualifies for about $24 million in financial incentives, mostly job tax credits, port tax credits, and sales and use tax exemptions.
Cummiskey said the jobs "will certainly add to that region's growing tally of opportunities in the automotive and manufacturing sectors."
Mando has not yet announced its timeline for hiring workers, but it's expected to happen by the end of this year. Mando will use the Georgia Department of Labor to recruit and post job opportunities.
The Meriwether plant will be Mando's third facility in the U.S. The company is one of South Korea's largest auto parts suppliers and makes brake, steering, suspension and driver assist systems. Annual revenue this year is expected to be more than $4 billion. The company has 8,000 employees worldwide and also has operations in Japan, China, India, Turkey, Poland, Germany and Brazil.
In the U.S., Mando has 650 employees and expects more than $850 million in revenue.
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