Juseong Engineering Invests 36.3 Billion KRW in New Facilities... "Expanding Production Capacity for Mid- to Long-Term Growth"

[Asia Economy Reporter Hyunseok Yoo] Jusung Engineering, a specialized company in semiconductor, display, and solar manufacturing equipment, announced on the 28th that it has decided on a new facility investment worth 36.3 billion KRW (15.95% of its equity capital).

The new facility is a newly constructed factory with a total floor area of 6,577 pyeong and 4 above-ground floors, located at the Gwangju headquarters (240 Opo-ro, Opo-eup, Gwangju-si, Gyeonggi-do). The investment period is from today until July 31, 2022.

A company official stated, “The main purpose of the new facility investment is to expand production capacity and improve production efficiency for mid- to long-term growth, and the investment cost will be covered through existing funds.”

Meanwhile, the securities industry expects Jusung Engineering’s sales and operating profit to grow significantly this year. Jusung’s core competitiveness, ALD technology, is currently expanding greatly not only in semiconductors but also in the display and solar sectors, and is expected to sustain growth in the mid to long term.