Area bouncing back

Published 6:02 pm Monday, August 3, 2009

Selma and Dallas County received good economic news last week and even more on Monday.

Hanil E Hwa, a tier one supplier of interior systems to Hyundai, announced Monday afternoon it will invest $6.5 million in an expansion to begin immediately. That expansion of the site will result in 10 more jobs at the plant.

But the expansion — the building of production lines — means more money flowing through the city and county at a time when it is so necessary to get more money into circulation.

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The expansion is also a sign that the company likes Selma; its location and the workforce here.

Although sales of Hyundai Alabama were mixed for July, Sonata sales were up 17 percent compared to the same time last year. Sales of the Santa Fe last year fell slightly.

While the economic downturn is not over, expansion of the lines at Hanil E Hwa, a major supplier of Hyundai, speaks volumes about the future of the automobile business for one of the Asian big four.

State Sen. Hank Sanders, D-Selma, said at the announcement Monday, “It seems like the pieces of the economic puzzle are falling into place, and I like what we see. We’re not just hitting the bottom. We’re bouncing back.”

Words were no truer spoken.