FOUNTAIN VALLEY, CALIF. — Hyundai has announced the $150 million expansion of its Fountain Valley campus. Over the next two years the Korean automaker will more than double the size of its 220,000-square-foot headquarters. Plans call for the construction of more than 500,000 square feet of floor and garage space. Groundbreaking for the project, which will be seeking LEED certification, is expected in mid-2011, with completion to follow by the end of 2012. The Los Angeles County Economic Development Corp. expects the project to create as many as 1,530 construction jobs. Upon completion, the number of full-time employees at the campus will increase from 700 to approximately 1,400.
“This investment ensures that Orange County will remain Hyundai's U.S. hub, with our headquarters in Fountain Valley, for the foreseeable future,” said John Krafcik, president and CEO of Hyundai Motor America, in a statement. “The new building will gives us the flexibility to grow with our brand, reflect our modern design sensibility and showcase our commitment to sustainability.”
In addition to its Fountain Valley campus, Hyundai has several facilities spread across Southern California. Its technical center is in Chino, and its logistic operations are kept in Costa Mesa. In addition, the company's design and technology center is in Irvine, along with Hyundai Capital, and its parts distribution center is located in Ontario. Farther north, its proving grounds are in California City. Hyundai is currently the fifth largest automaker in the world.
— Coleman Wood