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Austria’s Plansee Invests USD 10 Mn in Dongtan High-Tech Industrial Complex
Date
2014.10.21
Views
1204

According to Yonhap News,

(REUTTE=Yonhap News) Governor Nam Kyung-pil of Gyeonggi Province and Austria’s Plansee signed a memorandum of understanding (MOU) on October 14 in Reutte, Austria for an investment in the Dongtan High-Tech Industrial Complex.

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Plansee will invest USD 10 million to construct a manufacturing plant on 5,248 ㎡ land in the Dongtan High-Tech Industrial Complex.

Plansee, the world’s leading manufacturer of high melting point metal, is a representative small hidden champion that has been mentioned more than 20 times in Hermann Simon’s Hidden Champions.

Established in 1921 in Reutte, Plansee recorded sales of KRW 1.7 trillion in 2013.

The metals manufactured in Plansee are used for semiconductors, displays, melting furnaces and ultra-voltage transformers and supplied to companies including Samsung Electronics.

"Plansee, the hidden champion, is the first foreign-invested company to move into the Dongtan High-Tech Industrial Complex. We will spare no effort in supporting Plansee to successfully invest in Korea,” said Nam.

chan@yna.co.kr

Copyrights Yonhap News. All Rights Reserved.

Source Text

Source: Yonhap News (October. 14, 2014)

** This article was translated from the Korean.
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