Ecoplastic Corporation will spend approximately $205 million on a new manufacturing facility in southeast Georgia to supply components to Hyundai Motor Group’s electric vehicle campus, Gov. Brian Kemp announced Thursday.
A Tier-1 supplier for Hyundai and Kia, the South Korea-based manufacturer makes automotive interior and exterior plastic parts, according to the news release. It has selected Bulloch County, Georgia, to house its facility, neighboring Hyundai’s incoming $5.5 billion EV campus.
The new plant will have injection molding and printing capabilities, and produce parts including bumpers, garnishes, consoles and trims for EVs.
“Ecoplastic has decades of experience as a supplier for Kia and Hyundai,” said Georgia Department of Economic Development Commissioner Pat Wilson in a statement. “As we continue to build the supplier network for the Hyundai metaplant in Bryan County, we are excited to see suppliers spread out across the region.”
Hyundai’s facility, which broke ground in October, has already attracted more than the $1 billion in investments that state officials predicted from offsite suppliers flocking to Georgia to support the automaker’s first U.S. EV plant.
In November, Joon Georgia became the first confirmed supplier for the Hyundai facility, with plans to invest $317 million in a production facility in Bulloch County. Later that month, Kemp announced Hyundai Mobis as the second.
However, Hyundai is not the only automaker luring parts manufacturers to the state. In 2021, Rivian said it would spend $5 billion to construct its largest EV production facility in East Augusta, Georgia. Since then, suppliers including Solvay Specialty Polymers and Denkai America have announced plans to set up shop nearby, eager to supply key battery parts.