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According to Yonhap News,
Cheonji Bio, a compound fertilizer specialist manufacturer based in Yeongdong, Chungbuk-do, will build additional production facility in Yeongdong Industrial Complex.
On November 14, Yeongdong-gun announced that it had signed an investment agreement worth KRW 15.3 billion with Cheonji Bio on November 13.
By 2027, the company will have a production facility for products related with plant growth, such as compound fertilizers on a site of 14,300 ㎡ in Yeongdong Industrial Complex.
The company, which moved into Yeongdong Hwanggan Logistics Complex in 2018, has expanded its business by producing functional fertilizers utilizing Illite, a resource reserved in Yeongdong-gun.
bgipark@yna.co.kr
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Source: Yonhap News (November 14, 2023)
** This article was translated from Korean.