SEOUL, August 29 (AJP) - South Korea's SNT Group said Friday that it had purchased an 82-acre site in Louisiana for a new manufacturing complex.
The facility, covering roughly 330,000 square meters, will be developed in phases and is intended to serve as SNT’s integrated North American production base. The project will be led by SNT Motiv, the group’s automotive components arm, and will also involve SNT Energy, its energy equipment unit.
Louisiana was chosen for its logistical advantages, company officials said.
The state offers direct access to the Mississippi River, major highway corridors and proximity to auto manufacturing centers in Alabama and Georgia. It is also a hub for liquefied natural gas exports and home to some of the country’s most energy-intensive petrochemical and refining operations.
At the plant, SNT Motiv plans to manufacture automotive components, including electric motors, for U.S. customers. SNT Energy will localize production of air coolers for liquefied natural gas projects as well as parts for combined-cycle power plants.
“This investment will significantly enhance our production and supply capabilities in North America,” the group said in a press release. “By meeting U.S. standards, we will be able to respond more quickly to local demand and strengthen our position in a rapidly shifting global market.”
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