The South Korean car manufacturer will be opening its first North American steel facility in Donaldsonville, the governor said during the afternoon announcement. According to Louisiana Economic Development, the $5.8 billion facility will be located on 1,700 acres of sugarcane fields in the RiverPlex MegaPark industrial center.
The facility is expected to create 1,300 direct jobs and 4,100 indirect jobs in the capital region.
“Hyundai’s decision to invest nearly $6 billion in Ascension Parish speaks volumes about Louisiana’s skilled workforce, robust infrastructure and our ability to compete for innovative manufacturing facilities,” Landry said. “This announcement makes clear that Louisiana’s manufacturing sector is roaring back, thanks to our historic tax reforms, our business-friendly approach and the many competitive advantages our state has to offer international powerhouses like Hyundai.”
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