Grant & Loan Awards: Troup County


EDGE

Troup County

EDGE Fund: $5,000,000

Awarded: 01/27/2009

Applicant: Development Authority of LaGrange


Description:
EDGE funds to assist with the construction of a manufacturing facility to support the location of Sewon America, Inc. (SAI), a Korean auto supplier, to LaGrange, Troup County. SAI plans to construct a 420,000 square-foot facility on 62 acres in the Callaway South Industrial Park, which is located near the KIA facility. The Company will manufacture frame stampings and major chassis components, and SAI will be the largest supplier to KIA. SAI is a subsidiary of Sewon Precision Industry Co., LTD. (SPI) which was established in 1989.SPI is a Tier-One automotive supplier, primarily to KIA, and has plants in Korea and China.


Total Budgeted Project Cost: $161,327,000


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