Investment of $300 million poured into Georgia's manufacturing and logistics sectors
In a significant move, Georgia is attracting over $300 million in investments from global companies, as announced by Darren Bradshaw, senior vice president of Mopar North America, in a recent news release.
One of the major investments comes from Stellantis, the multinational automobile manufacturing corporation. The company is investing $41 million in a new Mopar Parts Distribution Center in Forsyth, Georgia. This 421,000-square-foot facility, situated about 60 miles south of Atlanta, is part of Stellantis' long-term growth strategy.
Another significant investment is from JS Link America, a unit of South Korea-based JS Link. JS Link America is investing $223 million in a rare earth permanent magnet plant in Columbus, Georgia. This plant, slated to open in late 2027, is expected to generate 520 jobs and produce 3,000 tons of rare earth permanent magnets annually. The entire process, from the procurement of essential rare-earth materials to the final manufacturing of the magnets, will be covered by the JS Link America plant.
Cold storage specialists Ti Cold and Karis Cold have also joined the bandwagon, breaking ground on a $60 million PermaCold Logistics facility in Darien. The PermaCold Logistics building, established in 2023, will hold more than 30,000 pallets and add 50 jobs. The cold storage location is about an hour from the Port of Savannah.
PermaCold Logistics is not the only company investing in Georgia. Cold storage specialist Karis Cold is also involved in a project with PermaCold Logistics, but details about the investment amount and the number of jobs created were not disclosed.
JS Link America's investment in Georgia is not limited to the rare earth permanent magnet plant. The company is also establishing a 130,000-square-foot facility, the JS Link America plant, which is part of a value chain focused on Western nations to meet the growing demand for permanent magnets sourced from strategic allies such as South Korea.
The investments from Stellantis, JS Link America, and PermaCold Logistics are significant contributions to Georgia's economy, creating a combined total of 670 jobs. These investments underscore Georgia's appeal as a destination for global companies, offering a favourable tax climate and a skilled workforce.
A related article discusses a $287 million fund from South Korea for global supply chain projects, but it does not specify any investments in Georgia by South Korean companies, other than JS Link America. The investments in Georgia by these global companies are a testament to the state's robust economic growth and its potential as a hub for international business.
