Hyundai Translead will invest $450 million and create nearly 2,500 new jobs to establish new trailer manufacturing facilities in Will County.
Hyundai Translead is a subsidiary of Hyundai Motor Company, a global automotive maker headquartered in South Korea. Located on the former sites of Caterpillar’s heavy equipment operations and Lion Electric’s operation site in Will County, the company’s new facilities will expand its manufacturing footprint.
“Hyundai Translead is building on that legacy with a transformative project that will create thousands of good-paying jobs and opportunities,” said Christy George, Illinois EDC president and CEO.
Illinois EDC worked closely with Hyundai Translead, leading the project by coordinating with the State of Illinois, the Illinois Department of Commerce and Economic Opportunity, Will County Center for Economic Development, and the City of Joliet. In addition to Hyundai Translead, the state has attracted major manufacturing investments from Tangent Technologies, DMG MORI, and CSL.
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