Governor Abbott: South Korean steel company to invest $100 million in new Temple facility

SAN ANTONIO (KTSA News) — The financial ties between Texas and Asia continue to deepen as Governor Greg Abbott visits Taiwan, South Korea and Japan.

During a press conference in Seoul on Tuesday, Governor Abbott announced that SeAH Group will establish a high-performance metal manufacturing facility in Temple, generating $110 million in capital investment and creating over 100 new jobs in Central Texas.

“Texas is the premier destination for business growth, which is why companies from across the globe continue to choose our state to expand their operations,” said Governor Abbott. “SeAH Group’s $110 million investment in Temple is a testament to the unique and unmatched business opportunities the Lone Star State has to offer businesses. I look forward to welcoming SeAH group’s new manufacturing facility to Texas and continuing to work with them to bring even more investments and jobs to our state.”

While the move will add yet more jobs to a state that leads the nation in creating them, there is also something in this for SeAH Group.

“Texas has always been a fantastic partner in every aspect of our journey to the U.S.,” said SeAH Changwon Integrated Special Steel Co-CEO Junghoon “Jay” Lee. “The opportunities that the state offers will allow us to thrive in the fast-growing North American market. SeAH also strongly desires to become a great addition to the community of Texas.”

The Governor was also joined at the announcement by SeAH Superalloy Technologies CEO Michael King and other SeAH Group executives, the Governor’s Economic Development & Tourism Office Executive Director Adriana Cruz, Texas Economic Development Corporation Board Secretary and President of Temple Economic Development Corporation Adrian Cannady, and other business and community leaders from Temple.

SeAH Group is a South Korea-based company that specializes in steel products. The companies have the largest capacity of special alloy production in South Korea and are equipped with an integrated production system for the various materials and production range.

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