TEMPLE,
Texas, July 9, 2024 /PRNewswire/ -- Temple
EDC and the city of Temple
announced today that SeAH Superalloy Technologies, a new
manufacturing corporation for special alloy which was incorporated
by SeAH Changwon Integrated Special Steel (SeAH CSS), a leading
manufacturer of high-tech industrial materials and its holding
company, plans to invest $110 million
in a high-performance metal manufacturing facility in Temple, Texas. This project is expected to
create 100 full-time jobs. The facility will be located on 45 acres
in Temple's Industrial Park, off
of Moores Mill Rd. Construction is slated to begin in Q3, 2024,
with commercial production beginning Q1, 2026. This plant will be
the first special alloy manufacturing facility built in the U.S. by
a South Korean company. The project was officially announced on
July 9th in Seoul, during a well-attended press conference
hosted by the Texas Governor's
office.
The Temple
plant will be the first special alloy manufacturing facility built
in the U.S. by a South Korean company.
"We are thrilled to welcome SeAH Superalloy Technologies to
Temple, TX. This project is a
testament to the strength of our region in attracting foreign
direct investment (FDI), which will further bolster Temple's economic growth and global
connections. Temple's strategic
location and robust infrastructure continue to attract world-class
companies like SeAH group, reinforcing our position as a prime
destination for business growth and innovation," said John Howe, Chairman of the Board for the Temple
Economic Development Corporation.
"The City of Temple is
delighted to welcome SeAH Superalloy Technologies to our dynamic
business community. This significant investment and the creation of
well-paying jobs underscore Temple's status as a thriving economic hub. We
anticipate the positive impact this project will bring to our
residents and local economy and embrace SeAH Superalloy
Technologies as part of our community," said Tim Davis, Mayor of Temple.
"We are excited to establish our new facility in Temple, Texas. This strategic location will
enable us to better serve our North American customers and expand
our global footprint. We look forward to becoming an integral part
of the Temple community and
contributing to its economic growth," said Junghoon "Jay" Lee, CEO
of SeAH Changwon Integrated Special Steel.
Pending final negotiations with Temple EDC and the City of Temple, this new facility will mark a
significant milestone in the ongoing growth and development of
Temple's industrial sector. SeAH
CSS, a subsidiary of SeAH Group since 2015, is Korea's leading
manufacturer of high-tech industrial materials, including stainless
steel, tool steel, and carbon alloy steel. The company's commitment
to top-tier quality assurance and customer-centric service is
demonstrated by its ISO 9001 certification.
SeAH Superalloy Technologies is making a deeper foray into the
U.S. specialty alloys market with its new facility, which is
expected to produce 6,000 tons of special alloys annually. These
high-performance materials will cater to industries such as
aerospace, power generation, automotive and oil & gas. The
facility will also position SeAH Superalloy Technologies as a key
supplier to major U.S. companies, including companies in the
aerospace industry, enhancing its presence in the high-tech
industrial materials sector.
"Texas is the premier
destination for business growth, which is why companies from across
the globe continue to choose our state to expand their operations,"
said Governor Greg Abbott. "SeAH
Group's $110 million investment in
Temple is a testament to the
unique and unmatched business opportunities the Lone Star State has
to offer businesses. I look forward to welcoming SeAH group's new
manufacturing facility to Texas
and continuing to work with them to bring even more investments and
jobs to our state."
For more information about SeAH CSS, visit www.seahss.co.kr.
ABOUT TEMPLE ECONOMIC
DEVELOPMENT CORPORATION
The Temple Economic Development Corporation (Temple EDC) is a
nonprofit organization that serves as the designated economic
development entity for the City of
Temple, Texas. Temple EDC strengthens relationships, builds
partnerships, and provides solutions that cause entities to choose
Temple. To learn more about doing
business in Temple, visit
TempleEDC.com.
ABOUT THE CITY OF
TEMPLE
Temple,
located 45 minutes north of Austin, offers the perfect compromise between
welcoming small-town living and the hustle of a big city. Striking
a balance between vibrancy and livability, Temple continues to grow its amenities for
residents, while maintaining a safe, family-friendly, caring
culture. Whether it is the scenic parks and trails, the family
friendly atmosphere, or the unique neighborhoods with Texas charm, we think you will find something
here that you love! Our vision is for Temple to be a place that you love to call
home. Visit templetx.gov for more information.
ABOUT SEAH CHANGWON INTEGRATED SPECIAL STEEL (SEAH
CSS)
SeAH Changwon Integrated Special Steel (SeAH CSS), a
subsidiary of SeAH Group since 2015, is Korea's leading
manufacturer of high-tech industrial materials. Located in
Changwon, Gyeongnam, South Korea,
the plant has an annual production capacity of 1.2 million tons and
produces stainless steel, tool steel, carbon alloy steel, and more.
SeAH CSS serves a wide range of industries, including automotive,
machinery, aviation, nuclear energy, shipbuilding, and electronics.
For more information, visit www.seahss.co.kr.
Media Contact
Temple EDC:
|
Media Contact
City of Temple:
|
Amanda Carlson
|
Megan Price
|
254-773-8332
|
254-770-8364
|
acarlson@TempleEDC.com
|
mprice@templetx.gov
|
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SOURCE Temple EDC