Hyundai Translead ups Illinois investment to $600M, adding 1,250 jobs to original plan

10/22/2026

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Chicago Business Journal

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• Subcategory: Industrial: Manufacturing

• Tag: Economic Development | Expansion | New Construction

• Additional Filters-Subcategory: Industrial: Auto-Auto Related Manufacturing

Highlights
Hyundai Translead will invest $600 million to open two trailer factories in Joliet.
The expansion will create 3,750 new full-time jobs, the largest announcement in Illinois in decades.
The manufacturer will receive state tax incentives through the EDGE program.