BUSAN < invest Korea

(BUSAN=NEWSIS) Busan City announced April 14 that the city’s ENK and Switzerland’s Ozonia, a global water treatment company, will sign an investment agreement on April 15 to jointly develop treatment equipment for ballast tanks.

A ballast tank is a structure that is used to provide an adjustable point of equilibrium to boats, ships or other floating structures.

ENK, located in the Jisa Science Complex, owns unique technology for developing industrial gas storage tanks and transportation.

Ozonia Group, a subsidiary of Suez Environnement, has the world’s leading water treatment system and provides consulting and manufacturing services.

ENK and Ozonia will transform the logistics center and technology and production plant in the Jisa Science Complex into a platform for Asia. They will also expand the research and development center and production facility in accordance with the five-year project plan.

The two companies will create sales of KRW 100 billion for the next five years and 100 new jobs in Busan. The annual port traffic is expected to be around 3000TEU.

heraid@newsis.com