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South Korea’s Fukoku Korea invests $18.9M in Virginia to create 60 jobs making auto parts.
Fukoku Korea is investing $18.9 million to open a new plant in Henry County, Virginia, creating 60 jobs.
The facility in the Patriot Centre Industrial Park will produce rubber damper pulleys and thermal gap fillers for automotive and electric vehicle components.
The South Korea-based company, which supplies Hyundai, GM, and Ford, established a U.S. entity, FKC America, to serve North America.
The project received a $500,000 grant from Virginia’s Opportunity Fund and support from economic development agencies, including workforce training funding.
The 90,000-square-foot building was previously vacant after a German manufacturer withdrew.
Local leaders hailed the investment as a boost to regional manufacturing and economic growth.
Corea del Sur's Fukoku Corea invierte $18.9M en Virginia para crear 60 empleos en la fabricación de piezas de automóviles.