KwangSung expansion adds 100 jobsPublished 1:45pm Thursday, May 30, 2013
KwangSung will add 100 jobs and invest $10 million in building and equipment to its plant in the William T. Thweatt Industrial Park in Dadeville.
The expansion is supported by local government, which will chip in about $350,000 toward the project.
“They are out of room to install more machinery to produce more parts,” said Don McClellan, executive director of the Lake Martin Area Economic Development Alliance. “You can see that they have exceeded the investment they promised. They have exceeded every expectation that we had of them in the beginning.”
With a $50,000 commitment from the City of Dadeville and a $150,000 commitment from the Tallapoosa County Commission to put toward site work, KwangSung will soon begin the process of adding an additional 80,000-110,000 square foot building to its facilities.
“We feel like the county has to do its part,” said District 4 Commissioner Emma Jean Thweatt.
Thweatt said the expansion might mean more to her than most, with all the work her late husband dedicated toward the industrial park.
“He had this vision for us to get jobs,” Thweatt said. “I think he’d be just having a fit. He’d be very proud.”
McClellan said the EDA also has a verbal commitment from the state Department of Commerce for $150,000, contingent upon the contributions from the city and the county and to be delivered upon the creation of the 100 additional jobs.
“The growth in the automobile industry has replaced a lot of the jobs from the textile industry,” McClellan said. “I think we’re fortunate to have automobile companies come in. We don’t want to limit ourselves to that – we want to be diverse in our economy – but they have been good for our area. They have furnished jobs and put money back into the economy through sales tax.”
With 80 percent of the new jobs guaranteed to be full-time positions with benefits, Dadeville City Council voted unanimously to contribute its portion.
“If we get the commitment from them that they are going to add 80 percent full-time jobs, I don’t think we can say no,” said Councilman Mickey Tarpley.
McClellan said KwangSung will invest $10 million in building and equipment for the project.
McClellan said he anticipates KwangSung will begin construction near the end of the summer and complete the expansion in about nine to ten months.