‘Toptec’ Establishes Secondary Battery Automation Equipment Manufacturing Line in Gumi-si with 10.7 Billion KRW Investment

Gumi-si and Toptec Sign Investment Memorandum of Understanding

On the 11th, Gumi City in Gyeongbuk signed a Memorandum of Understanding (MOU) for new investment in a secondary battery automation equipment manufacturing line at the headquarters of Toptec.

Gumi City Hall.

Mayor Kim Jang-ho, Toptec CEO Jeong Ji-yong, Vice President Park Chun-hee, and City Council Chairman Ahn Ju-chan attended to celebrate the signing of the MOU, and afterwards toured the production line, spending time communicating on-site with company officials.

Founded in 1992, Toptec is a specialized company that develops and manufactures automation equipment for secondary batteries, semiconductors, and displays. Since 2019, it has expanded its business areas from assembling secondary battery modules and supplying logistics equipment to packaging-related equipment and smart factory-related equipment.

To manufacture and supply secondary battery-related equipment, Toptec expanded its site to approximately 83,000㎡ (25,000 pyeong) in Gumi 5th Industrial Complex in February, with a 30,000㎡ (9,200 pyeong) facility, and has started an additional 10.7 billion KRW investment to build an extra 15,000㎡ (4,600 pyeong) extension.

Toptec currently has its headquarters in Gumi and operates a plant in Asan, owning manufacturing facilities of approximately 107,000㎡ (32,500 pyeong) on a site of about 180,000㎡ (55,000 pyeong).

This production capacity (Capa) is capable of generating annual sales of about 1 trillion KRW based on the production standards of secondary battery module lines, and with this additional investment, the Gumi plant will secure an additional annual capacity of approximately 240 billion KRW.

Recently, global major countries’ plans to reduce CO2 emissions and the implementation of the US Inflation Reduction Act (IRA) have accelerated the shift to electric vehicles, which is expected to be accompanied by expansions of domestic battery factories. Accordingly, Toptec is proactively responding to the expansion of equipment orders.

The US IRA refers to the Inflation Reduction Act, a law enacted to curb inflation and address climate change within the United States.

Mayor Kim Jang-ho expressed gratitude for Toptec’s decision to make additional investments in line with future market demand, stating, “This MOU will have a positive impact on revitalizing the local economy and creating jobs. We look forward to Toptec making even greater strides based on its accumulated technological expertise.”