April 18, 2024 8:01 pm
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Why battery giant LG selected Queen Creek for its new plant

(Rendering via Town of Queen Creek)

By Audrey Jensen | Phoenix Business Journal

South Korea-based battery giant LG Energy Solution Ltd. is moving forward with its $1.4 billion manufacturing plant in the Phoenix metro after it spent months looking for a site to support the increasing demand for lithium-ion batteries in the U.S.

LG Energy Solution, or LGES, recently purchased about 650 acres of state land in Queen Creekfor a 1 million-square-foot cylindrical-type battery manufacturing plant. The facility is expected to generate about 2,800 jobs and start production by 2024 at Ironwood and Pecos roads. LGES is one of the largest battery producers in the world.

Read the full subscription story from the Phoenix Business Journal.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.