June 21, 2011 – Gov. Nathan Deal announced today that Hyundai Construction Equipment Americas, Inc. (HCE) will locate its headquarters and warehouse facility in Norcross in Gwinnett County. This project will create approximately 100 jobs over five years and represents a $10 million investment.
“Hyundai Construction Equipment has a global reputation as a leader in providing its customers with innovative, high-quality equipment that serves all facets of the construction industry,” Deal said. “Georgia’s strategic resources create opportunities to attract well-known international companies like HCE and help broaden our presence in the global business community. It is my privilege to welcome HCE to our state, and I look forward to the company’s continued growth.”
HCE operates under its parent company, South Korea-based Hyundai Heavy Industries Co., Ltd. The company was formed in 1991 to focus on the needs of Hyundai’s construction equipment market. HCE offers more than 18 different models of excavators, four models of forestry machines and six wheel loaders.
“I want to thank Gov. Deal and all those involved in the process that made our decision to move to Georgia an easy one,” said John Lim, president of Hyundai Construction Equipment Americas, Inc. “Given that this is the headquarters of the Americas, we needed a location that was strategically located not only for access to markets in the Southeastern United States but South and Central America as well. Georgia, Gwinnett County and the City of Norcross will be ideal as we grow our business for the future.”
HCE’s Gwinnett County operations will house the company’s headquarters and warehouse, and have office space for the company’s finance, sales, remanufacturing and service operations. As a key business hub in Georgia, Norcross was selected as the site of HCE’s headquarters and warehouse facility due in large part to the community’s access to major highways and other logistics benefits, proximity to the company’s customers’ distribution operations and an extensive pipeline of talent for this industry.
“Our partners at the Georgia Department of Economic Development continue to work tirelessly to cultivate relationships with large brand name companies,” said Nick Masino, Vice President of Economic Development and Partnership Gwinnett at the Gwinnett Chamber. “Hyundai Construction Equipment’s relocation of its North and South American headquarters to Gwinnett is completely in alignment with the Partnership Gwinnett Global Business Efforts and adds to the growing foundation of headquarter locations currently doing business and growing in Gwinnett County.”
“On behalf of the entire city, I welcome Hyundai Construction Equipment into the city of Norcross,” said Norcross Mayor Bucky Johnson. “The expansion of this well respected international company will be an excellent fit for the location and provide access to a talented work force. We look forward to working with the leadership of the company to make them feel at home.”
The HCE facility is located at 6100 Atlantic Blvd. in Norcross, and expects to be fully operational by the third quarter of 2011. Georgia Department of Economic Development statewide project manager Yoonie Kim assisted the company with this project, in collaboration with the Gwinnett Chamber. HCE was represented in this transaction by Adam Richards and Tyler Fann with Resource Real Estate Partners. The seller was represented by Colliers International.
About Hyundai Construction Equipment Americas, Inc.
Hyundai Construction Equipment Americas, Inc. operates under parent company Hyundai Heavy Industries Co., Ltd., which has invested a substantial amount time and effort into manufacturing construction equipment. Hyundai Construction Equipment is also invested in R&D and has constructed state-of-the-art production facilities in Ulsan, Korea to assure customers of our company’s commitment and dedication to the construction equipment market.