Governor Jeff Landry & LED Secure $5.8 Billion Hyundai Steel Plant
Hyundai Motor Group has made a groundbreaking decision to invest $5.8 billion in a new manufacturing facility in Louisiana. This first-of-its-kind site marks Hyundai’s inaugural North American steel facility, establishing a fully integrated, made-in-America supply chain to support its automotive manufacturing operations across the United States.
The ultra-low carbon steel production plant will be located in Donaldsonville, Louisiana, anchoring the RiverPlex MegaPark on the Westbank of the Mississippi River in Ascension Parish. At approximately 17,000 acres, RiverPlex is the largest undeveloped tract along the deep-water Mississippi River. Hyundai Steel Company (HSC), a member of Hyundai Motor Group, is expected to create more than 1,300 direct new jobs with an average salary of $95,000. Louisiana Economic Development estimates the project will result in about 4,100 indirect new jobs, for a total of 5,400 potential new jobs in the Capital Region.
Project Highlights
- Hyundai Motor Group is investing $5.8 billion in a first-of-its-kind, ultra-low carbon steel manufacturing facility in Ascension Parish, La.
- The state-of-the-art electric arc furnace (EAF) steel mill is expected to produce 70% lower emissions than traditional blast furnaces.
- The mill is expected to produce 2.7 million metric tons of steel annually.
- Hyundai Steel Company (HSC) is partnering with the Port of South Louisiana to build a deep water dock on the Westbank of Ascension Parish to accommodate steel and materials shipments.
- To support the project’s workforce needs, River Parishes Community College and the Louisiana Community and Technical College System (LCTCS) will develop a new local workforce training center equipped with hands-on skills coaches from LED’s FastStart program and modern learning spaces to provide job-specific instruction and administrative assistance.
- The company anticipates construction to begin in the third quarter of 2026.
Growing Manufacturing Sector
Louisiana boasts a strong and diverse manufacturing sector, driving innovation and economic growth across the state. From advanced manufacturing to chemical production and shipbuilding, leading companies are investing in Louisiana and creating high-quality jobs. Opportunities range from engineering and production to logistics and quality control. Explore the manufacturing industry in Louisiana and discover available career opportunities.
LED
617 North Third Street
Baton Rouge, LA 70802-5239
800.450.8115 | 225.342.3000
LED@la.gov
AEDC
Ascension Economic Development Corporation
1210 E. Worthey St. Unit B Gonzales, LA 70737
225.644.1750
