Sacheon city signed a memorandum of understanding (MOU) with California Metal & Supply, a U.S. aerospace metal products company, last Friday.

California Metal & Supply, founded in Los Angeles in 1984, will invest USD 10 million to build an aircraft parts manufacturing facility on a 1,700㎡ site in a foreign investment zone of Sacheon.

The facility will be completed this August, and it is expected to generate 150 jobs, improve the economy and more for three years.

Sacheon Mayor Jung Man-gyu noted that the city will actively support the facility’s development and operations and that the city will continue its efforts to attract companies and create a business-friendly environment.


Source Text

Source: Newssis (May 24, 2013)

** This article was translated from the Korean.