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According to Yonhap News,
(DANGJIN=Yonhap News) Hanil Chemical Ind., Korea's leading zinc oxide producer, is planning to build a large factory in Dangjin, Chungnam Province.
The company held a groundbreaking ceremony in Seokmun National Industrial Complex in Seokmun-myeon, Dangjin-si on July 11.
The company will invest KRW 48 billion by early 2021 to build a factory site spanning 82,863 sq.meters for producing robbers and addition compounds.
After construction is completed, the factory is expected to employ 110 workers.
With the completion of the factory, the company's headquarters currently located in Sihwa Industrial Complex in Siheung, Gyeonggi Province, will be moved to Dangjin.
Hanil was established in 1962, currently accounting for 60 percent of the domestic zinc oxide market. It recorded KRW 110 billion sales last year.
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Source: Yonhap News (July 11, 2019)
** This article was translated from Korean.