Yura Corp., a Seoul, South Korean manufacturer of automotive electronic and ignition components, will open its U.S. headquarters and build its first manufacturing facility in Dothan, Alabama.
While the total amount of Yura’s expected investment has not been determined, the project will initially create 60 jobs, with the ultimate total number predicted to be higher.
Yura takes great pride in the rapid advances in the development that Korea’s automobile industry has made, a company spokesman said. Recent use of automotive electronic components with highly advanced semiconductor chips is on the rapid rise, as vehicles become more intelligent and complex in their functionality. The importance of the wire harness, the connecting pathway that Yura produces, has become more important in eco-friendly cars. Yura strives to develop technologies and components for eco-friendly cars with a goal of maximizing fuel efficiency and going-green in ignition system parts such as stick coils.
-From the press release issued by the Dothan Area Chamber of Commerce
Southeast Alabama is extremely fortunate to have Yura join its local manufacturing base and we look forward to forming stronger partnerships with automotive suppliers in the future.