The $21 million expansion announced today is fueled by more orders and more customers, the company said in a statement.
Last year Mando won a five-year, $1 billion contract from General Motors to supply steering equipment and brakes starting in 2008. About half of the contract is for GM assembly operations in North America.
Mando America Corp. opened its 150,000-square-foot factory in Opelika, Ala., in June 2004 to supply Hyundai Motor Co.'s assembly plant in nearby Montgomery.
Less than a year later, a $35 million expansion more than doubled the Opelika factory's size and made room for Mando's North American headquarters, which had been in Detroit.
The latest expansion will bring Mando's total investment in Alabama to $86 million. This expansion will create 77 jobs. The company will have a total of 500 workers at the Alabama plant within the next three years.
The Opelika plant produces brake corner modules, suspension modules and steering systems. Mando said the expansion will add production lines and products, but it did not give details.
Mando Corp., of Seoul, ranks No. 77 on the Automotive News list of top 100 global suppliers with original-equipment automotive sales of $1.96 billion in fiscal 2006.
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