On April 2, 2002, Hyundai Motor Company (HMC), Korea’s largest automotive manufacturer, announced it would construct a $1 billion automotive assembly and manufacturing plant in Montgomery, Ala. On April 12, 2002, Hyundai Motor Manufacturing Alabama, LLC (HMMA) was incorporated. The $1.7 billion plant is the company’s first U.S. manufacturing facility and employs more than 3,000 people with high-paying jobs and full benefits. Additionally, more than 72 suppliers have located businesses throughout North America to support the Hyundai plant. Altogether, these suppliers are expected to create 5,500 additional jobs with a combined capital investment of $500 million. “This new manufacturing facility reaffirms Hyundai’ commitment toward investing in the U.S. economy, as well as its commitment toward U.S. consumers,” said Chairman Chung. “American consumers have recognized Hyundai’s quality, and this plant will enable us to better serve them.” The 2-million square-foot manufacturing plant resides on 1,744 acres of land and includes a stamping facility, paint shop, vehicle assembly shop, a two-mile test track and two engine shops. In May 2005, the facility marked the official start of production with its first saleable 2006 Sonata. HMMA will produce 350,000 vehicles per year at full capacity.