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Four manufacturers singed an investment deal worth KRW 10 bln with S.Chungcheong Prov.
South Chungcheong Province signed an investment deal worth KRW 70 billion with four small sized manufacturers- SB engineering, Hanlim, Daehan engineering and During-on Aug 11. These four businesses unveiled investment plans to finance as much as KRW 69.9 billion to newly set up or move factories into the community industry clusters by the end of 2023. The investment is anticipated to add 610 new jobs.
SB engineering, an automotive engine parts maker, agreed to build out a new production plant on a 9718 ㎡ site near Boryeong-gun with KRW 10 billion. Daehan engineering also establishes a manufacturing facility to produce auto-packing machines near Asan. During moves into Seosan Autovalley from Incheon, pouring nearly KRW 18 billion.
Once the investment project turns out to be successful, these manufacturers are expected to raise annual output to KRW 23.5 billion, bring added value to KRW 7.3 billion in the community.
youngs@yna.co.kr
** This article was translated from Korean.
Date
2020.08.28
Views
245
According to Yonhap News,
South Chungcheong Province signed an investment deal worth KRW 70 billion with four small sized manufacturers- SB engineering, Hanlim, Daehan engineering and During-on Aug 11. These four businesses unveiled investment plans to finance as much as KRW 69.9 billion to newly set up or move factories into the community industry clusters by the end of 2023. The investment is anticipated to add 610 new jobs.
SB engineering, an automotive engine parts maker, agreed to build out a new production plant on a 9718 ㎡ site near Boryeong-gun with KRW 10 billion. Daehan engineering also establishes a manufacturing facility to produce auto-packing machines near Asan. During moves into Seosan Autovalley from Incheon, pouring nearly KRW 18 billion.
Once the investment project turns out to be successful, these manufacturers are expected to raise annual output to KRW 23.5 billion, bring added value to KRW 7.3 billion in the community.
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youngs@yna.co.kr
Source: Yonhap News (Aug 11, 2020)
** This article was translated from Korean.