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home > NEWS&EVENT
2020.12.23
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Innochem to move into Ulsan city


According to Yonhap News,


Innochem Co., Ltd., developing surface coating technologies, moves part of its business and operation facilities into GW industry cluster located in Ulju-gun, Ulsan city, said the city on Dec 11.

With its competitiveness in technology, which enabled them to rely less on imported supplies, Innochem, a corrosion resistant CVD coating products maker, has steadily scaled up, showing an average annual growth rate of 5 percent.

Under the investment pact signed with the city government, Innochem moves its facilities to Ulsan city, pledging local hiring. The city, in response to the investment, reached an agreement to provide a full package of financial-administrative supports for its counterpart. A new production plant will be build on a 1,130㎡ site near the cluster by the end of October next year. Once it’s established, nearly 50 employees are set to work in. Innochem signed an MOU with the city government on Dec 11 for the investment.


Source Text


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canto@yna.co.kr

Source: Yonhap News (Dec 11, 2020)


** This article was translated from Korean.