Utah Port Authority Incentive Supports LS Electric – MCM Engineering Expansion in Iron County
SALT LAKE CITY, UT, UNITED STATES, March 16, 2026 /EINPresswire.com/ — The Utah Inland Port Authority (UIPA) Board today approved a post-performance incentive to support the LS ELECTRIC Co. Ltd. (LS Electric) planned expansion of the MCM Engineering II (MCM) advanced manufacturing campus within UIPA’s Iron Springs Project Area in Iron County.
MCM’s 5-to-7-year, $168 million investment will add three new manufacturing facilities by 2030, significantly expanding LS Electric’s U.S. production footprint in the west.
“This expansion represents the next phase of LS Electric’s long-term commitment to advanced manufacturing in Utah,” said Chunghee (Charlie) Lee, President/CEO of LS ELECTRIC America and President of MCM Engineering II. “Utah’s workforce, infrastructure, and collaborative economic development environment make it a strong location for continued investment. We appreciate the partnership with UIPA and local leaders as we advance this next phase.”
