We would like to congratulate our client, Hyundai Heavy Industries, on the recent groundbreaking for its new $90 million large transformer manufacturing facility in Montgomery. The project is now expected to create 500 new jobs and will become a strong economic driver for both the region and the state.
This is Hyundai Heavy Industries’ first American manufacturing facility. The company chose Alabama after a 10-month competition. During this time, Bradley Arant Boult Cummings attorneys were closely involved in negotiations regarding tax incentives, as well as on issues involving real estate, construction, labor and employment, state and local taxes and general corporate matters.
We are pleased to have had the privilege of playing a role in bringing this valuable new employer to Alabama. We know this is just the beginning of a long and prosperous relationship between Hyundai Heavy Industries and our state.