Grant & Loan Awards: Troup County
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