KMIN USA, INC. ANNOUNCES PLANS TO LOCATE NEW FACILITY IN CHAMBERS COUNTY

on June 10, 2014

KMIN USA, Inc. announced plans today to expand its operations into the United States.

KMIN USA, Inc. announced plans today to expand its operations into the United States. The State of Alabama, Chambers County Commission, City of Valley and Chambers County Development Authority were all on hand Monday at a special called Commission meeting to welcome the company.     Locating in an existing facility in the City of Valley on Towel Avenue, KMIN USA is a subsidiary of Kwang Myung Industry Company, Ltd of South Korea. KMIN manufactures and assembles parts for seats for the automobile industry as well as other ancillary parts.   KMIN plans to hire 80 full-time team members within one year and plans to have 200 full-time associates within 3 years.  

“We are so pleased to have KMIN locate in Chambers County and the entire Commission looks forward to building a solid relationship with the Company to continue to grow,” said Chambers County Commission Chairman Henry Osborne. During the Commission meeting, Commissioners were asked by the CCDA to grant an abatement of non-educational taxes for KMIN for the $17.3 million project.

City of Valley Mayor Leonard Riley thanked company officials for the decision to locate in Valley. “I have confidence that KMIN will find that Alabama has an excellent business climate in which to prosper,” he said. “We will work with the company to help them grow here and hire additional citizens of the Chambers County area. “

This is another great win and opportunity for Chambers County and Alabama. “We look forward to a long and prosperous relationship with KMIN USA,” stated Development Authority Chairman Bobby Williams. “We are grateful to the Alabama Department of Commerce for their continued commitment to economic development in Chambers County and are proud of our dedicated Staff, who stand ready to assist KMIN for all their business needs in Chambers County.”    “I also want to reiterate how critical it is to have the County Commission and the City of Valley team up together to make this project happen” , added Williams. “ I want each Commissioner and each Council member to know, how much we at the CCDA appreciate everything you do to support the CCDA and our efforts.”

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