Hanwha Cimarron to invest $130 million in new Alabama manufacturing facility

“Hanwha Cimarron’s decision to build a new manufacturing facility in Opelika is great news for the city and for the state,” Governor Kay Ivey said.

“This is another project that will create jobs for our hard-working citizens while also showing Alabama offers the kind of business environment that companies seek for success.”

STRATEGIC GROWTH

Hanwha Cimarron officials joined Mayor Gary Fuller this afternoon at a meeting of the Opelika City Council to outline the scope of the project.

Fuller welcomed Hanwha Cimarron to the East Alabama city’s business community. The new facility will be located in the Northeast Opelika Industrial Park.

“Our city provides a strong workforce and offers great living amenities,” he said. “We are excited to support this industry.”

In December 2020, South Korea-based Hanwha Solutions Corp. acquired Huntsville-based Cimarron Composites as part of a strategic expansion into the hydrogen energy business.

Cimarron, founded by a former NASA researcher, produced tanks for rockets. Its products also have potential implications for hydrogen-powered automobiles and charging stations.

“Hanwha Cimmaron can count on a skilled workforce and the support it needs to build a high-performance operation in Opelika,” said Greg Canfield, Secretary of the Alabama Department of Commerce.

“Working together, I know that we will be able to find all the ingredients that will allow the company’s new facility to thrive and grow in the future,” he added.

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