Hyundai is racing to open its giant EV plant in Georgia. Suppliers are racing too

REGISTER, Ga. — Six miles outside this South Georgia town without a stoplight, robotic machinery outnumbers the farmers who live nearby.

An automated armada of robotic arms rotate door frames and cause sparks to fly throughout the factory that’s roughly the size of 15 football fields. The facility by Ajin Georgia, which opened July 18, was a pad of dirt less than 14 months ago, but it’s now a regional employer that’s producing vehicle parts for the largest economic development project in state history.

New factories like Ajin’s facility along I-16 are sprouting across Coastal Georgia faster than the surrounding fields of soybeans and peanuts. The network of suppliers is trying to match the breakneck pace of Hyundai Motor Group as the automaker prepares to open its $7.6 billion electric vehicle factory in Bryan County.

“The Hyundai schedule is the Bible,” said Steven Kim, vice president and preconstruction director at Kajima Building and Design Group (KBD Group), the contractor that built Ajin’s plant. “All the vendors have to show that they will honor that schedule.”

Historically not an automotive production powerhouse, Georgia has recently rewritten that reputation, especially as the industry transitions to electric. In addition to Hyundai’s self-described Metaplant, where the company has promised to hire 8,500 people, Georgia has courted Rivian’s $5 billion EV factory an hour east of Atlanta, an expansion to Kia’s plant in West Point and several EV battery manufacturing facilities.

Atlanta Journal Constitution

‘Ultimate vision’ of Centennial Yards in downtown Atlanta persists through changing times

The vision for Centennial Yards, the multibillion-dollar project poised to transform downtown Atlanta’s Gulch, is starting to come into finer focus.

Six years after the Atlanta City Council greenlit the project, Centennial Yards’ developer says it will feature more residential and a bigger focus on entertainment and hospitality along with fewer offices than early-stage plans. The updated vision reflects post-pandemic economic realities of persistent remote and hybrid work and companies needing less office space.

But the high-rises that are expected to fill the 50-acre void between Mercedes-Benz Stadium and MARTA’s Five Points station promise to bring thousands of new housing units and new life to streets that are often empty when the workday ends or there aren’t big events at the downtown arenas.

Atlanta Journal Constitution

Georgia ports face choppy business seas as strike threat looms

SAVANNAH ― The Georgia Ports Authority’s Griff Lynch works in the maritime shipping industry, so boat metaphors come naturally to him.

The CEO describes business since the start of this decade as a boat rocking on heaving seas. The unpredictability that started with a worldwide manufacturing disruption due to COVID-19 in 2020 continued with a supply chain surge coming out of the pandemic. 

More recently, a rainfall drought slowed traffic through the Panama Canal and attacks by Houthi militants near the Suez Canal sent cargo ships on a 5,500-mile detour around South Africa’s Cape of Good Hope, adding 10 days to the journey.

Atlanta Journal Constitution

Southern Company profits soar as summer heat scorches South

Profits at Southern Company — the parent of Alabama Power — rose to $1.2 billion in the second quarter of 2024, an increase of more than 43% compared to last year, as the company benefitted from a series of electricity rate increases, high temperatures and an influx of data centers to its service territories.

The company reported on Thursday that its earnings across the first half of the year are also up more than 35% compared to 2023, climbing from $1.7 billion to $2.3 billion. Operating revenues in the first six months of 2024 were $13.1 billion, an increase of more than 7% compared to the year prior.

Alabama Power’s net profits in the second quarter were $369 million — a more than 18% increase from the same period last year.

That $369 million represents about 30 percent of Southern Company’s total profits.

Alabama Power’s operating revenues in the second quarter were $1.87 billion — a nearly 11% increase from the $1.69 billion for the same period in 2023.

Alabama Power’s operating revenues comprised about one-third of Southern Company’s total operating revenue in the quarter. AL.com

Alabama’s new strategic plan for economic growth nearing completion

What officials believe will be the most comprehensive economic growth plan for the state could be complete by the end of the month and will guide business development in Alabama for the next decade and beyond.

Economic developers gathered for the Economic Development Association of Alabama’s (EDAA) summer conference at the Grand Hotel in Point Clear days ago were given an update on the new strategic plan.

Alabama Gov. Kay Ivey tasked Alabama Commerce Secretary Ellen McNair with developing the new plan when she took the position at the start of this year.

“So the governor challenged Ellen McNair to develop the most comprehensive economic development plan the state has ever had,” said Greg Barker, president of the Economic Development Partnership of Alabama. “That’s exactly what Ellen is going about executing.” Alabama News Center

Aviation training takes off in rural Alabama communities with historic ties to flight

After attracting nearly $6 billion in new investment since 2020, Alabama’s rural counties are becoming a go-to location for companies involved in activities that include solar panel manufacturing, aluminum auto parts and graphite processing.

And don’t forget flight training.

In fact, two rural Alabama communities are hosting new aviation academies.

As part of a project announced in March 2024, Republic Airways and its Leadership in Flight Training (LIFT) Academy are developing an advanced flight training program in Macon County that will prepare the next generation of aspiring pilots on the airfield where the famed Tuskegee Airman learned to fly.

Madeinalabama.com

Norfolk Southern plans $200 million investment project in Alabama

Norfolk Southern Corp. is investing more than $200 million to grow capacity on a key rail line in Alabama, the 3B Corridor, which connects markets in northern and central Alabama to the Port of Mobile and destinations worldwide.

The investment project positions the line to accommodate expected growth in several sectors as the Southeast progresses as an economic powerhouse for the U.S. economy.

The 3B Corridor is strategically aligned with the Port of Mobile, which contributes $85 billion in annual economic value to Alabama.

The corridor represents an important segment of Norfolk Southern’s annual traffic, serving critical industries like agriculture, automotive, chemicals, forestry, and steel.

MadeInAlabama.com