SNT Group is embarking on a full-fledged move to expand its North American business in the automotive parts, institutional sector, and energy.
According to SNT Group on the 29th, the company has recently completed the acquisition of a 100,000-pyeong site factory located in Louisiana, USA, and plans to gradually commence production.
This investment is led by SNT Motiv. At the same time, through collaboration with SNT Energy and others, the group plans to strategically consolidate its main business institutional sectors and jointly operate an integrated production base in North America.
Louisiana, USA, is considered a region with excellent connectivity to major industrial bases in the United States, acting as a logistics hub through the Mississippi River and connecting with the Midwestern region around major highway axes.
Once production at the factory begins, SNT Motiv will be able to produce and supply automotive parts such as motors locally in the United States. SNT Energy plans to localize the production and supply system of air coolers necessary for liquefied natural gas (LNG) projects and heat recovery steam generators (HRSG) for combined cycle power plants to enhance its customer responsiveness in the U.S.
An SNT Group official noted, "It is not true that SNT Energy is the main entity behind this investment in the U.S."
He added, "Through this investment, we will significantly enhance the group's production and supply capabilities in the North American market," and emphasized plans to proactively meet local customer demands and provide high-quality products that meet 'made in USA' standards, thereby actively responding to the trends of restructuring in the global market.