Boratial, a KOSDAQ-listed company (CEO Heo Hoon, Kang Min-seok), announced on the 3rd that it has purchased a site of 45,958㎡ (approximately 13,902 pyeong) within the Yongsan Industrial Complex in Eumseong-gun, Chungcheongbuk-do, and will begin full-scale construction of a new food manufacturing facility.
This land acquisition is a strategic investment for the company's business expansion, with the total investment amount, including the land purchase cost, expected to reach approximately 50 billion KRW.
Boratial plans to build a food manufacturing facility equipped with the latest equipment and auxiliary facilities on the site. This is part of a mid- to long-term strategy to strengthen the company's existing business areas and establish core infrastructure for future growth, aiming to diversify its business and enhance competitiveness, the company explained.
In particular, it is expected to serve as an important stepping stone to solidify its position in the food industry sector and secure sustainable growth momentum.
A Boratial representative stated, "The land acquisition in Eumseong, Chungcheongbuk-do, is a significant decision for our future growth," adding, "The state-of-the-art food manufacturing facility to be constructed will further strengthen Boratial's business competitiveness and become a key driver for sustainable growth."
Meanwhile, unusually for a food distribution company, Boratial recorded sales of 76.9 billion KRW and an operating profit of 13.1 billion KRW as of the end of last year. It is a company that has achieved over 10% growth annually and an operating profit margin exceeding 15% over the past five years.
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