Grant & Loan Awards: Troup County


Troup County

EDGE Fund: $250,000

Awarded: 04/10/2008

Applicant: LaGrange, Development Authority of

EDGE funds to assist with site preparation costs in support of the location of a 90,000 SF injection molding facility for DaeLim USA (DLU) to LaGrange, Georgia. DLU, a Korean supplier of injection molding, will be situated on 23.5 acres in the Jim Hamilton Industrial Park. This facility will supply interior door handles to the Hyundai plant in Montgomery, Alabama. In addition, the Company hopes to also supply the Kia plant that is currently under construction in West Point. DLU is part of the Automotive Business segment of Illinois Tool Works (ITW). ITW recorded revenues of over $14 billion in fiscal year 2006 and is a Fortune 500 company. Dating back to 1912, ITW is a global company that operates 750 business units in 49 countries and employs over 55,000 people. Private investment is expected to be $11 million. This project is in competition with Alabama.

Total Budgeted Project Cost: $11,629,100

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