Travis County, Texas, December 6, 2025
Futronic USA, a South Korean automotive supplier, has announced a $28 million investment to open a new production facility in Travis County, Texas. This facility is expected to boost Tesla’s supply chain and create around 350 high-paying jobs. Located just 20 minutes from Tesla’s Gigafactory Texas, the 66,000-square-foot site will be repurposed for manufacturing automotive components. Completion is targeted for late 2024, with production beginning by the end of 2025, significantly impacting the local economy and supporting Tesla’s operations.
Futronic USA Invests $28 Million in New Facility Near Tesla
A new production facility in Travis County aims to boost local employment and enhance Tesla’s supply chain.
Travis County, Texas – A South Korean-based automotive supplier, Futronic USA, has secured approval to establish a $28 million production facility near Tesla’s Gigafactory Texas in Travis County. This development is set to bolster Tesla’s supply chain and create approximately 350 high-paying jobs in the region.
The Buda City Council and Hays County Commissioners Court have granted Futronic USA the necessary permissions and tax incentives to proceed with the project. The facility will occupy a 66,000-square-foot building at 2899 Business Park Drive, just 20 minutes from Tesla’s Gigafactory Texas. The building, previously used for logistics, will be repurposed for manufacturing automotive components, including actuators, motors, and controllers.
Futronic USA’s investment is expected to strengthen Tesla’s local supply chain, potentially accelerating production at Gigafactory Texas. The facility is projected to be completed by the third quarter of 2024, with production slated to commence by the end of the third quarter of 2025.
This move aligns with Tesla’s ongoing efforts to expand its manufacturing capabilities and solidify its presence in the Texas region. The establishment of Futronic USA’s facility is anticipated to contribute significantly to the local economy and support Tesla’s production objectives.
Strategic Location for Economic Growth
Positioned conveniently near Tesla’s Gigafactory, Futronic USA’s new site reflects an ongoing trend of strategic partnerships that foster local innovation. With the maturity of the automotive sector in the region, the decision to establish this facility emphasizes the advantages of localized manufacturing in reducing logistical challenges and enhancing responsiveness in supply chains.
Job Creation and Economic Impact
The expected creation of 350 high-paying jobs marks a significant boost for the Travis County economy. These jobs offer competitive wages, contributing to the disposable income of local residents, which can further stimulate economic activity in the community. The local infrastructure is poised to benefit from the influx of new employment opportunities that this facility will generate.
Support from Local Government
Support from the Buda City Council and Hays County Commissioners Court indicates a favorable environment for investment and economic development. By approving the necessary permissions and tax incentives, local officials demonstrate a commitment to fostering growth and attracting businesses that contribute positively to the Travis County economy.
The Future of Local Manufacturing
As the facility prepares to begin operations, its focus on manufacturing vital automotive components will align with the broader goals of both Tesla and the local economy. This commitment to local production not only enhances supply chain efficiency but also reflects a growing trend towards domestic manufacturing in response to global supply chain challenges.
Conclusion
The establishment of Futronic USA’s new facility is a promising development for the Austin community and the larger Texas economy. With a significant investment and high-paying job opportunities, this project highlights the resilience and innovation of local businesses. As Austin continues to emerge as a hub for entrepreneurial activity, supporting such ventures will be crucial in ensuring sustained economic growth. Residents are encouraged to stay engaged with local business initiatives and embrace these exciting new opportunities.
FAQ
What is the location of the new Futronic USA facility?
The facility will be located at 2899 Business Park Drive, approximately 20 minutes from Tesla’s Gigafactory Texas in Travis County, Texas.
What products will Futronic USA manufacture at this facility?
Futronic USA will manufacture automotive components, including actuators, motors, and controllers, at the new facility.
How many jobs is the new facility expected to create?
The facility is expected to create approximately 350 high-paying jobs in the region.
When is the facility expected to be completed and begin production?
The facility is projected to be completed by the third quarter of 2024, with production slated to commence by the end of the third quarter of 2025.
How does this development impact Tesla’s operations?
The establishment of Futronic USA’s facility is expected to strengthen Tesla’s local supply chain, potentially accelerating production at Gigafactory Texas and contributing to the local economy.
Key Features of the Futronic USA Facility
| Feature | Details |
|---|---|
| Location | 2899 Business Park Drive, Travis County, Texas |
| Facility Size | 66,000 square feet |
| Proximity to Tesla’s Gigafactory Texas | Approximately 20 minutes away |
| Investment Amount | $28 million |
| Job Creation | Approximately 350 high-paying jobs |
| Completion and Production Start | Facility completion by Q3 2024; production start by end of Q3 2025 |
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Author: STAFF HERE AUSTIN WRITER
The AUSTIN STAFF WRITER represents the experienced team at HEREAustinTX.com, your go-to source for actionable local news and information in Austin, Travis County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as SXSW, Austin City Limits Music Festival, Formula 1 United States Grand Prix, and the Austin Film Festival. Our coverage extends to key organizations like the Greater Austin Chamber of Commerce and Visit Austin, plus leading businesses in technology, automotive, and retail that power the local economy such as Dell Technologies, Tesla, and Apple. As part of the broader HERE network, including HERECollegeStation.com, HEREDallas.com, HEREHouston.com, and HERESanAntonio.com, we provide comprehensive, credible insights into Texas's dynamic landscape.
