Time: 2024-07-11
The Temple Development Corporation and the City of Temple recently announced a significant investment of 10 million from a new manufacturing corporation , SeAH Superalloy Technologies , which falls under SeAH Changwon Integrated Special Steel . This investment is set to create 100 full - time jobs by the third quarter of this year and establish a high - performance metal manufacturing facility on 45 acres of land in Temple 's Industrial Park . Commercial production is anticipated to commence in the first quarter of 2026 . The facility will be the first of its kind in the U.S. to be built by a South Korean company , marking a crucial milestone in the region 's ongoing growth and development.
Construction of the new manufacturing facility is projected to begin in the third quarter of 2024 , with commercial production scheduled to start at the beginning of 2026 . Texas Governor Greg Abbott announced this groundbreaking investment during a press conference in Seoul , South Korea . The 10 million investment from SeAH Group , known for its specialization in steel products , is set to introduce over 100 new jobs to Central Texas . Governor Abbott expressed his enthusiasm for the new facility , emphasizing Texas as the prime destination for business growth and innovation . SeAH Superalloy Technologies , a subsidiary of SeAH Changwon Integrated Special Steel , will undertake the project , further solidifying the company 's presence in the U.S. market.
The investment from SeAH Group highlights the strong partnership between South Korea and Texas , with SeAH Changwon Integrated Special Steel Co - CEO Junghoon Jay Lee expressing gratitude for the state 's support . The corporation aims to leverage the state 's favorable business environment to thrive in the North American market . The Temple Economic Development Corporation ( Temple EDC ) disclosed that the manufacturing site will occupy 45 acres in Temple 's Industrial Park , underscoring the city 's growing significance as a hub for business growth and innovation.
In conclusion , the 10 million investment from SeAH Group in Temple , Texas , signifies a significant step towards fostering economic development and job creation in the region . The collaborative efforts between South Korean companies and local authorities underscore the potential for further growth and innovation in the manufacturing sector . With construction set to begin in the near future , the new facility is poised to contribute to Temple 's position as a key player in the industrial landscape , attracting more investments and business opportunities in the years to come.
Business
