Minth Group Invests $430M in Alabama, Creating 1300 Jobs

0:00In Birmingham, it's March 6, and here's what is going on. A Taiwan-based auto-parts-maker called Mynth Group is pouring $430 million into a former steel mill site in Gaston, Alabama to build its largest campus ever. The 400-acre brownfield, once used by Republic Steel and Gulf State Steel, will make plastic and aluminum components for car plants, nationwide, like the Hyundai factory in Montgomery. It was expected to create more than 1,300 jobs, paying about $49,000 a year. Mith run 78 plants worldwide, with sites already in Michigan in Tennessee, to serve North American customers better. The Gaston spot will span 1 million square feet, starting with renovations and future expansions on the old mill grounds. Alabama Commerce Secretary Ellen McNair hailed the project as proof of the state's auto strength, drawing in experts who build top products for global markets. Gadsden Mayor Craig Ford called it a jackpot after landing a tenant for the shuttered

1:01good-year plan last year. The area has bounced back from losing big employers, like the steel mills and tire factory. Local development leaders, credit community partners, including the Casey family and Gadsden State Community College for spotting the sites. Potential Company Strategy Chief William Chin, praised the Ford thinking locals for turning rubble into prosperity. Economic officials say the investment will lift Gadsden, Atola County, and all of North East Alabama for years to come. Support for this DNN episode comes from our sponsor. Your bedtime ritual just got better. Built in Sound, Built in Comfort, S-O-L-I, soleypello.com