Daewon America Inc. investing $46.2 million in Opelika, creating over 100 jobs

MONTGOMERY, Ala. (WSFA) – Wednesday, Daewon America Inc. announced its plans to invest $46.2 million in building expansion and new manufacturing equipment at their Opelika facility.

“Daewon America is proud to partner with the City of Opelika and the Economic Development team in expanding our operations,” stated the President of Daewon America, Chris Cho. Opelika has been an incredibly supportive home for our United States headquarters. We are humbly grateful to the City of Opelika and its residents as we continue to strengthen our roots in our community.”

Daewon stated that the investment in expansion and new equipment will create over 100 new jobs at the facility in Northeast Industrial Park.

“I believe everything in our local economy starts with a good-paying job,” said Opelika Mayor Gary Fuller. “That has been my focus since you hired me as your mayor in 2004. Our community has been blessed with over 5,000 new good-paying jobs since 2004. This 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.”

The new additions are currently expected to be finished in the summer of 2027.

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