Hyundai Motor Group officially announced Monday its plans to build a $5.8 billion steel facility in Donaldsonville, as part of a $20 billion
President Donald Trump, Gov. Jeff Landry and other elected officials from Louisiana praised the announcement from The White House.
“Hyundai’s decision to invest nearly $6 billion in Ascension Parish speaks volumes about Louisiana’s skilled workforce, robust infrastructure and our ability to compete for innovative manufacturing facilities,” Landry said.
The Hyundai Steel plant, the first in North America, is expected to create over 1,300 direct jobs with an average salary of $95,000.
“This transformative investment from Hyundai Steel Company is a game-changer for Ascension Parish, introducing a new industry and creating abundant high-paying job opportunities for our community,” Ascension Economic Development Corporation President and CEO Kate MacArthur said.
Construction is expected to begin in the third quarter of 2026.