The recently expanded Mando plant hosted the grand opening ceremony for its new casting facility in the Meriwether County Industrial Park, with expectations of the plant bringing more jobs to the area.
Guests at the ceremony for the Korean-based company included Mando officials, the consul general of Republic of Korea, and local and state officials, including Gov. Nathan Deal.
In late 2012, Deal had announced the expansion of Mando, a plant that produces electric power steering, anti-lock brakes, and other supplies to Kia and other automakers. Plans for first Mando site at the park were announced in September 2011. The two sites are located in the Meriwether County Industrial Park, which splits the Troup and Meriwether County line, and is partially included in Hogansville’s city limit.
“The two facilities combined will represent more than 1,000 jobs and $280 million in capital investment,” said Deal at the ceremony, also noting that the plant is Meriwether County’s largest employer.
Deal credited Mando and the Korean presence in Georgia for contributing to the state’s reputable business industry.
“Partnerships with leading corporations like Mando has enriched and solidified Georgia’s status as the number one state in the country in which to do business,” Deal said. “Mando’s decision to build and expand in Meriwether County underscores the continuance of that strong relationship and our state’s commitment to economic development and growth in the global marketplace.”
Deal presented Mando President, Tae Kwak, and Halla Group (a Mando investor) Chairman Mong-won Chung with an award as a “thank you” for investing in the West Georgia area.
Kwak said Mando has made $933 million in sales this year and expects sales to reach $1.3 billion by 2020.
Over $109 million has been invested so far into the local facility with plans to invest another $146 million by 2020, Kwak said. The expanded site currently has 162 employees and is expected to increase to 300 by 2020; With currently 956 total employees, Kwak said the company hopes to have a total of over 1,600 employees by 2020.
Meriwether County Commission Chairman Nancy Jones praised Mando for its investment in the Meriwhether County community.
“It was a phenomenal opportunity to meet with people who were sincerely interested in coming into a community and forming a partnership,” said Jones. “At one time this was just a Georgia pine forest, now look what we have. International recognition, an absolutely fabulous facility, a place where our people do not have to leave the county. They can find jobs at home.”
The hour-long ceremony ended with a ribbon cutting and tour of the plant sites.
Mando’s Hogansville site is the company’s third location in the United States, joining Opelika, Alabama, and Plymouth, Michigan.