Daewon America Inc. will invest $46.2 million to expand its Opelika facility, creating 100 new jobs.
The additions to the facility in the Northeast Industrial Park, which include new manufacturing equipment, are expected to be completed in summer 2027.
Mayor Gary Fuller says everything in the local economy starts with a good paying job, which has been his focus since he was elected in 2004.
“Significant additional capital investment by Daewon will result in property tax revenue to benefit Opelika City Schools, East Alabama Health and Lee County Youth Development Center,” Fuller said. “There is no question that this has been a team effort with the City Council President Eddie Smith and the Opelika City Council, Ronnie Wilson and the Opelika Industrial Development team. They have all played an important role in our continued success.”
People are also reading…
John Sweatman, Opelika Economic Development director, said Daewon has continued to be a valued partner in Opelika since its initial announcement to come to the community in 2006.
“Daewon’s total capital investment over the past 18 years, including this new expansion, is well over $164 million and the new total number of jobs created to 260,” Sweatman said. “We look forward to supporting Daewon’s new expansion efforts, and we are extremely thankful they decided to choose Opelika.”
Smith has approved many statements like these in his years serving the city council.
“In my 20 years on the Opelika City Council, the past 16 as president, we’ve had the pleasure of approving many of these statements that mean additional good paying jobs for our citizens,” Smith said.
President of Daewon America Chris Cho said that the company is proud to partner with the City of Opelika and the Economic Development team in expanding their operations.
“Opelika has been an incredibly supportive home for our United States headquarters,” Cho said. “We are humbly grateful to the City of Opelika and its residents as we continue to strengthen our roots in our community.”
