Auto Parts Maker Investing $100M in Georgetown Factory

Hanwha Advanced Materials plans to invest $100 million into a 200,000-square-foot industrial building on 38 acres just outside the city limits of Georgetown.

Williamson County commissioners will soon consider entering into a tax abatement incentives agreement with Hanwha Advanced Materials for the project.

Hanwha manufactures several key components for automobiles, specializing in injection molding and building lightweight and environmentally conscious products for car structures and interiors.

The Austin Business Journal reports It’s unclear if Hanwha is coming to the Austin metro to serve Tesla Inc.’s massive electric vehicle factory in eastern Travis County. Two of Hanwha’s customers — Toyota and GM — operate in San Antonio and Arlington, respectively, along the I-35 corridor.

The company has worked with Hyundai, Kia, BMW, Daimler, Volkswagen, General Motors, Ford and Toyota in the past and has manufacturing facilities around the world, including in Alabama and North Carolina and two in Michigan.

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