Global Construction Equipment Leader Creates 100 Jobs, Plans for Future Growth in Georgia

(GWINNETT- METRO ATLANTA) December 7, 2011- Gwinnett Chamber Economic Development and Georgia Department of Economic Development joined Governor Nathan Deal to announce the relocation of Hyundai Construction Equipment Americas, Inc. (HCEA) headquarters to Norcross, Georgia in Gwinnett County. The project, which also includes a warehousing component -is expected to create 100 jobs over five years and represents a $10 million investment in the community. Hyundai also revealed plans to build a major manufacturing facility in Georgia. Construction would begin on that facility sometime in the next 3-4 years.

“Our decision to move to Gwinnett and to Georgia an easy one: we needed a facility that was strategically located not only for access to markets in the Southeastern United States, but to the rest of North America, and to South and Central America as well. Our new headquarters here in Gwinnett will be ideal as we grow our business for the future.” said John Lim, President of Hyundai Construction Equipment Americas, Inc.

The facility, located at 6100 Atlantic Boulevard, will serve as the company’s Americas headquarters and includes a 217,000 square foot facility, employee training center with classrooms and multiple conference rooms.

“With a rich array of strategic resources, Georgia and Gwinnett County are able to attract well-known international companies such as Hyundai Construction Equipment Americas, further broadening our presence in the global business community,” said Georgia Gov. Nathan Deal. “HCEA is a leader in providing its customers with innovative, high-quality equipment that serves all facets of the construction industry. Its operations will undoubtedly continue to thrive in Georgia.”

Gwinnett County Board of Commissioners Chairman Charlotte Nash said, “Hyundai Construction Equipment Americas, Inc. has a global reputation for innovation and quality that precedes them. Our strong pro-business community is equipped to provide them with the support that will be necessary for their continued growth and success. We are pleased to welcome them, and honored that they selected us for this major relocation of their headquarters facilities.”

“HCEA chose to relocate their Americas headquarters from its previous facilities in Elk Grove Village, Illinois, largely because of the area’s resources, tax incentives, educated workforce, and overall business environment.” said Kirk Gillette, Vice President of HCEA.
“Norcross is honored to celebrate the relocation of Hyundai Construction Equipment Americas Headquarters to our community. Their choice to move to Gwinnett and Norcross is another example of the types of high-caliber of companies choosing to relocate their extensive operations here; to a community with an advanced infrastructure to allow for continued growth in the future. ” said Norcross Mayor Bucky Johnson.

Gwinnett Chamber Economic Development continually works to cultivate the pro-business community for which Gwinnett County is so well known. The organization’s relocation and expansion efforts assist companies looking to move and grow in a strategically-located, amenity-rich environment.

“Hyundai Construction Equipment’s relocation of its Americas headquarters to Gwinnett adds tremendously to the growing number of HQ’s doing business and growing in Gwinnett County.” said Nick Masino, Vice President of Economic Development and Partnership Gwinnett at the Gwinnett Chamber. “Gwinnett’s location, educated workforce, variety of resources and excellent quality of life are able to attract large international companies like HCEA with the connectivity that they need to the Southeast, the nation, and the world.”

Georgia Department of Economic Development statewide project manager Yoonie Kim assisted HCE with this project, in collaboration with Gwinnett Chamber Economic Development. HCE was represented in this transaction by Adam Richards with Resource Real Estate Partners. The seller was represented by Colliers International.

HCEA 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 17 models of crawler excavators, 4 models of wheeled excavators, 6 models of mini excavators, 6 models of wheel loaders, 3 models of skid steer loaders, and 117 models of forklift trucks. HCE is dedicated to the construction equipment market and continues to invest heavily in Research & Development in this area. HCE currently operates a state-of-the-art production facility in Ulasan, Korea and expects this new location to make its markets in the Americas more accessible.

For more information on HCE, please visit www.hceamericas.com/.