Newbotec is showing strong performance. This is interpreted as gaining attention due to the news that Seoul City will invest approximately 4.3 trillion KRW in modernizing aging water purification plants and replacing water supply pipes.
As of 10:36 AM on the 29th, Newbotec is trading at 1,167 KRW, up 9.23% compared to the previous day.
On this day, the Seoul Metropolitan Waterworks Headquarters announced the establishment of the "Seoul Waterworks Comprehensive Plan 2040, Arisu 2.0," and stated that it will promote 20 core projects. To improve the taste and safety of Arisu water, a total of 4.3229 trillion KRW will be invested by 2040 to modernize aging water purification plants and replace water supply pipes.
To this end, Seoul City plans to research and introduce a new process model called "Seoul-type ultra-advanced water purification treatment" and replace and clean aging water supply pipes. The plan also includes expansion to increase the total capacity of advanced water purification facilities and maintenance of water purification centers.
Meanwhile, Newbotec is known to operate businesses such as "plastic water supply and sewage pipe manufacturing," with main products including water supply pipes, sewage pipes, and rainwater storage facilities, as well as a "resource recycling material business" acquired through business transfer.
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