Korean company to establish manufacturing plant in Cumberland City
Daejin Advanced Materials USA Inc. Will invest $10.2 million to establish its second U.S. manufacturing and processing facility in Cumberland City. Located in a portion of the Select Tennessee Certified Stewart-Houston Industrial Park, the company will be located in close proximity to its electric vehicle battery customers and partners in the Southeastern U.S. The company will create 83 new jobs in the next five years. With an increase in consumer demand and newly awarded contracts with Ultium Cells’ Spring Hill, the facility will allow the company to continue manufacturing process trays for electric vehicle batteries. In addition, Daejin Advanced Materials will expand its production to include a new line for plastic injection, plastic extrusion, vacuum forming and assembly. Founded in 2019 and headquartered in Troy, Mich., Daejin Advanced Materials USA Inc. supports research and development and specializes in the manufacturing of polymers for the electric vehicle battery industry. The company is a subsidiary of Korean-based Daejin Advanced Materials, which employs roughly 1,000 people across its operations in Asia, Europe and the U.S.