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Companies in the News
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Transmission manufacturer Hyundai Powertech of Seosan, South Korea, announced it is to open its first U.S. operation in West Point, to supply the Kia Motor Corp. plant being built there. Powertech America is to lease 20 acres on the same sites as the Kia plant, creating 355 jobs at its $150 million manufacturing facility. The $1.2 billion Kia plant is creating about 2,500 jobs and suppliers locating in Georgia are to add another 3,765 employees and more than $506 million. Drew Ferguson III, chairman of the West Point Development Authority, said the jobs being created by Powertech and other Kia suppliers are high-paying, skilled positions. Diethard Lindner, chairman of the Development Authority of LaGrange, said Powertech’s decision to locate in the state is significant because it shows a desire to invest in Georgia rather than import from plants in South Korea. Powertech is an affiliate of South Korean automakers Hyundai Motors Corp., Hyundai Mobis and Kia.
Georgia Solar Company Lands $480 Million India Deal
Suniva, currently based in the Georgia Institute of Technology’s Advanced Technology Development Center incubator in Atlanta, is to provide Titan Energy Systems Ltd. of the state of Andhra Pradesh, India, with $480 million in solar cells. Titan has several lines of products, including solar panels for buildings and appliances like outdoor lamps and water pumps. Rao SYS Chodagam, Titan’s managing director, said the two companies’ products complement each other. “Suniva’s optimized solar cells fit well with Titan’s high-efficiency module application platform, and this agreement allows us to diversify our quality supply chain,” he said. Suniva announced it will open its first solar cell manufacturing plant in Norcross and move its headquarters there. The factory is to provide about 100 jobs when it becomes active. The company landed a $500 million supply deal with Berlin-based Solon AG earlier this month. John Baumstark, Suniva’s CEO, said the deals highlight the company’s international strategy. “This agreement furthers Suniva’s strategy of manufacturing and delivering high-efficiency, low-cost cells to the preeminent module manufacturers across the globe,” he said. For more information visit www.suniva.com or www.titansolar.com. advertisement
Atlanta Firm’s Systems Installed in 1,200 Burger Kings Worldwide
Atlanta-based Radiant Systems Inc. announced Aug. 21 that its point-of-sale payment processing systems are installed in 1,200 Burger King Corp. franchises worldwide. Radiant provides hardware and software technology in the hospitality, retail and entertainment industries. Burger King restaurants use the company’s cash registers and software to process orders. Customers include franchisees in Canada, China, Egypt, Mexico, Saudi Arabia and the United Arab Emirates. Paul Langenbahn, president of Radiant’s hospitality division, said the relationship shows that international firms have confidence in the company’s products. “As we continue to penetrate the global quick service market worldwide, Radiant has proven to be the right partner for restaurants with global operations,” he said. “We are thrilled about this key milestone and it underscores that the world’s most recognized brands trust Radiant.” The company’s products are also installed in stores, stadiums, parks and cinemas. It has offices in Australia, Austria, the Czech Republic, Singapore and the United Kingdom.
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Second Coke Bottling Plant Opens in Mongolia
The new MCS Coca-Cola plant will help handle strong sales growth in the country, a democracy of about 3 million people sandwiched between China and Russia. MCS opened the first Coke bottling plant there in 2001, and sales have outstripped that facility’s production capacity seven years ahead of schedule. Coca-Cola Co. President and CEO Muhtar Kent joined MCS Coca-Cola CEO Odjargal Jambaljamts for the opening of the 15-acre site in Ulaanbaatar. In the past six years, Coke has increased its annual unit sales to the average Mongolian citizen by nearly 1600 percent, from four to 67. “I’m delighted to see MCS Coca-Cola continue to exceed all projections in sales volume and profit,” Mr. Kent said. “By posting an average annual volume growth of nearly 50 percent year on year, the Mongolian business has established itself as one of the strongest performing operations globally.” MCS Coca-Cola employs 3,500 workers in the Mongolian capital and is th top private taxpaying company in the city, according to a press release. “Our investment in the new plant is just our first step to bring world-class manufacturing to Mongolia,” Mr. Jambaljamts said.
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