Fukoku Korea to Invest $18.9 Million in Henry County, Virginia, Auto Parts Plant

Virginia Governor Abigail Spanberger announced on March 5 that Fukoku Korea plans to invest $18.9 million to establish a new manufacturing plant in Henry County, creating 60 new jobs. It is the company’s first manufacturing operation in Virginia.

Damper pulleys and EV battery gap fillers

Operating out of the Patriot Centre Industrial Park, the South Korea-based company will manufacture rubber damper pulleys for automotive engines and thermal gap fillers for electric vehicle batteries. Fukoku Korea supplies products to automakers including Hyundai, GM and Ford, and has established FKC America, a new business entity, to serve the U.S. market.

Lot 8 Shell Building

FKC America will locate in the Lot 8 Shell Building at Patriot Centre Industrial Park. According to the Martinsville-Henry County Economic Development Corp., the building has 90,000 square feet of manufacturing space and 5,500 square feet of office space. Operations are expected to begin by January 2027.

Ikjun Kwon, CEO, Fukoku Korea said:

“We are excited to establish our new manufacturing facility in Henry County and expand our presence in the United States. Virginia offers a strong business environment, a skilled workforce, and outstanding support from state and local partners.”

Virginia Governor Abigail Spanberger said:

“Fukoku Korea’s decision to establish its first manufacturing operation in Virginia highlights the Commonwealth’s strength.”