Hyundai Translead said Thursday it will add 1,250 more jobs to its Illinois buildout, lifting the project from 2,500 roles announced in March to 3,750. The trailer maker also raised planned spending to $600 million from the initial $450 million.
The March plan centers on two facilities in Will County roughly 50 miles, or 80 kilometers, from Chicago. To meet rising demand, the company said it will introduce a third shift at the sites.
Over a 15-year period, Hyundai is set to obtain $104 million in state incentives through Illinois' Economic Development for a Growing Economy (EDGE) tax credit program. According to a statement issued by Governor JB Pritzker's office, Illinois will finance a new manufacturing program at Joliet Junior College to grow the local talent pipeline.
Pritzker, a Democrat seeking a third term, has prioritized recruiting companies in the green-energy, advanced-manufacturing, and high-tech sectors. That push has included manufacturers such as Rivian Automotive Inc. and Gotion High-tech Co., along with the creation of the Illinois Quantum and Microelectronics Park. "Hyundai Translead's expanded investment is yet another vote of confidence in Illinois, our workers, and our strength as a manufacturing hub," he said in the release. "Creating 3,750 new jobs is transformational for the region and it builds on our state's manufacturing momentum."
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Owned by Hyundai Motor Company and headquartered in San Diego, trailer maker Hyundai Translead intends to reuse former Caterpillar sites that housed heavy-equipment work, as well as facilities previously used by Lion Electric for electric-bus production. The new hiring lands in a Midwest economy where areas like farming and ranching have been hit by higher fuel prices and tariff policies.
A third shift, two sites, and state-backed training point to more production capacity taking shape in Illinois. For investors mapping manufacturing throughput and supply chain nodes in the Midwest, a 3,750-job, $600 million expansion supported by long-dated incentives is a notable signal.
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