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Chungju-si signed investment agreements worth KRW 90 bln with three companies
On March 10, Chungju-si, Chungbuk-do signed a total investment agreement worth KRW 90 billion with Ecotech ENG, HTL, and KFR.
Ecotech ENG, a company specializing in the production of aluminum composite panels for interior and exterior building materials, will invest approximately KRW 10 billion to expand its second factory by 1,652 square meters on a 6,508 square meter site in the Dongchungju Industrial Complex.
The company plans to hire around 30 workers in time with the factory expansion.
Ecotech ENG already built its first factory last month in the Dongchungju Industrial Complex, which covers 4,335 square meters.
HTL, a manufacturer of flavor capsules for food and tobacco filters, will invest KRW 30 billion to expand its production line in the Dongchungju Industrial Complex (from 6,173 square meters to 12,443 square meters) and hire 30 new employees.
KFR, a manufacturer of flame-retardant plywood, will build a 10,685 square meter factory in the Gaju Agro-Industrial Complex by purchasing and remodeling another company's factory.
The investment will amount to KRW 50 billion over five years, and the company plans to hire 200 workers.
Chungju's mayor said, "We will spare no administrative support to ensure that businesses can grow stably."
vodcast@yna.co.kr
Source Text
** This article was translated from Korean.
Date
2025.03.12
Views
47
According to Yonhap News,
On March 10, Chungju-si, Chungbuk-do signed a total investment agreement worth KRW 90 billion with Ecotech ENG, HTL, and KFR.
Ecotech ENG, a company specializing in the production of aluminum composite panels for interior and exterior building materials, will invest approximately KRW 10 billion to expand its second factory by 1,652 square meters on a 6,508 square meter site in the Dongchungju Industrial Complex.
The company plans to hire around 30 workers in time with the factory expansion.
Ecotech ENG already built its first factory last month in the Dongchungju Industrial Complex, which covers 4,335 square meters.
HTL, a manufacturer of flavor capsules for food and tobacco filters, will invest KRW 30 billion to expand its production line in the Dongchungju Industrial Complex (from 6,173 square meters to 12,443 square meters) and hire 30 new employees.
KFR, a manufacturer of flame-retardant plywood, will build a 10,685 square meter factory in the Gaju Agro-Industrial Complex by purchasing and remodeling another company's factory.
The investment will amount to KRW 50 billion over five years, and the company plans to hire 200 workers.
Chungju's mayor said, "We will spare no administrative support to ensure that businesses can grow stably."
vodcast@yna.co.kr
Source Text
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Source: Yonhap News (March 10, 2025)
** This article was translated from Korean.