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Sambo Corrugated Board to Build KRW 42.9 Bln Factory in Iksan

According to Yonhap News,

(SEOUL=Yonhap News) Sambo Corrugated Board o., Ltd., announced December 27 that it will be making a new investment of KRW 42.9 billion to build a new factory in the national food industry cluster Foodpolis, located in Wanggung-myeon, Iksan-si, North Jeolla Province.

The investment amounts about 13 percent of the company's net worth as of late last year.

The decision was made for the purpose of enhancing productivity by expanding production lines and replacing old facilities, the company explained.

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Source Text

Source: Yonhap News (Dec. 27, 2017)

** This article was translated from the Korean.