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Hoengseong-gun, Gangwon State, and SIAN signed an investment agreement for expansion of SIAN's factory in Hoengseong
On September 1st, Hoengseong County and Gangwon State signed an investment agreement for the expansion of the SIAN's factory.
According to the agreement, SIAN Chemical plans to invest KRW 1.93 billion by 2026 to expand its factory by 660㎡ on its existing site. The company aims to create a total of 75 jobs, including 20 new positions.
SIAN, established in 2002 as a plastic chassis specialist, moved its factory to Hoengseong-gun in 2013. Since 2015, it has expanded its exports by obtaining FM 4910 and 4922 flame-retardant material certifications.
With this expansion investment, SIAN plans to strengthen its quality competitiveness and increase its market share by establishing production facilities for FM duct pipes, with a maximum size of 1,300mm.
The Mayor of Hoengseong-gun stated, "SIAN's investment and job creation are expected to inject significant vitality into the local economy. Through continuous cooperation and support, we will create a model where both the company and the region grow together."
SIAN has proven its domestic and international competitiveness through various accolades, including the Minister of Trade, Industry and Energy Award in 2021, the Minister of SMEs and Startups Award in 2022, and the Prime Minister's Award in 2024. It was also recognized with the "Export Tower" (USD 1 Million) award.
In 2025, the company was selected as a "JUMP-UP" SME, acknowledging its potential for sustainable growth.
limbo@yna.co.kr
Source Text
** This article was translated from Korean.
Date
2025.09.01
Views
5
According to Yonhap News,
On September 1st, Hoengseong County and Gangwon State signed an investment agreement for the expansion of the SIAN's factory.
According to the agreement, SIAN Chemical plans to invest KRW 1.93 billion by 2026 to expand its factory by 660㎡ on its existing site. The company aims to create a total of 75 jobs, including 20 new positions.
SIAN, established in 2002 as a plastic chassis specialist, moved its factory to Hoengseong-gun in 2013. Since 2015, it has expanded its exports by obtaining FM 4910 and 4922 flame-retardant material certifications.
With this expansion investment, SIAN plans to strengthen its quality competitiveness and increase its market share by establishing production facilities for FM duct pipes, with a maximum size of 1,300mm.
The Mayor of Hoengseong-gun stated, "SIAN's investment and job creation are expected to inject significant vitality into the local economy. Through continuous cooperation and support, we will create a model where both the company and the region grow together."
SIAN has proven its domestic and international competitiveness through various accolades, including the Minister of Trade, Industry and Energy Award in 2021, the Minister of SMEs and Startups Award in 2022, and the Prime Minister's Award in 2024. It was also recognized with the "Export Tower" (USD 1 Million) award.
In 2025, the company was selected as a "JUMP-UP" SME, acknowledging its potential for sustainable growth.
limbo@yna.co.kr
Source Text
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Source: Yonhap News (September 1, 2025)
** This article was translated from Korean.