Korean electronics giant LG plans $2.8 billion plant in Queen Creek

Korean electronics giant LG plans $2.8 billion plant in Queen Creek

 
Article Originally Posted By PhoenixBusinessJournal On March 21, 2022
 
 

South Korea-based electronics giant LG is planning a $2.8 billion plant in Queen Creek, which town documents say will create 2,800 jobs and include 1 million square feet of new development.

Queen Creek Town Council voted at its March 16 meeting on a development agreement and foreign trade zone recommendation for ES America LLC for 300 acres of land that are part of a larger, 650-acre parcel that will be sold at an Arizona State Land Department auction on April 19. The items were approved 5-2 without discussion from the Council. Councilmembers Leah Martineau and Emilena Turley voted against approval. 

City documents show that the company chose Queen Creek after a “national search involving multiple states and regions."

According to the Arizona Corporation Commission, LG Energy Solution Ltd. is principal of ES America.

City documents do not specify the exact use for the plant, simply calling it an “advanced manufacturing facility.” City documents refer to the LG plant as “Project Alpha.” LG Energy Solution and electric truck manufacturer Nikola Corp. announced in October 2021 that they had entered into a battery supply agreement. That agreement would supply Nikola trucks with LG batteries from 2022 to 2029.

When reached by the Business Journal, a representative from LG declined to comment.