Achieving investment attraction results worth approximately 1.08 trillion won this year
On the 11th, Changwon Special City in Gyeongnam signed an investment agreement (MOU) worth a total of 54.8 billion KRW with Nextop Korea, Hyunjin ENP, and Ire Industry at the city hall reception room.
Changwon Special City Signs Investment Agreement Worth 54.8 Billion KRW with Three Manufacturing Companies.
Through this agreement, the three companies will invest in areas such as Changwon National Industrial Complex and Dongjeon General Industrial Complex, and plan to hire 74 new employees.
◆ Nextop Korea, Production of Core Materials for Aerospace
Nextop Korea is a company in the aerospace and defense sector producing rocket and missile composite materials and parts using carbon fiber. It is establishing a new production plant to develop manufacturing technology for core aerospace materials utilizing hydrogen. Founded in 2009, the company has been expanding its industry based on carbon fabric technology.
◆ Hyunjin ENP, Relocation of Production Facilities Based on Hydrogen Infrastructure
Hyunjin ENP, a company manufacturing environmental equipment in Gimhae City, plans to relocate its production facilities to Changwon, where hydrogen infrastructure is more accessible, to expand new business areas. The company, which independently developed technology to produce hydrogen using waste resources, will establish a new factory capable of designing, manufacturing, and operating new production facilities.
◆ Ire Industry, Business Expansion into Aerospace and Defense Sectors
Ire Industry is a specialized company in manufacturing performance evaluation and testing equipment for aircraft and automobile motors. In 2022, it received accreditation as an internationally recognized testing institution (KOLAS) in the electric motor testing field. By relocating its business site to Dongjeon General Industrial Complex, it continues to expand new business into the aerospace and defense sectors.
Hong Nampyo, Mayor of Changwon Special City, said, “We thank the companies that decided to invest after recognizing Changwon’s excellent industrial infrastructure and growth potential. We will actively support the successful implementation of corporate investments.”
Meanwhile, Changwon Special City achieved an investment attraction performance of about 1.08 trillion KRW this year through this investment agreement, focusing on attracting companies in the hydrogen and future mobility industry sectors, laying the foundation for designation as a special opportunity development zone. Investments continue in Changwon’s key industrial sectors such as machinery, railway vehicles, and automobile parts manufacturing. Changwon City plans to make every effort to attract investments in the future to respond to the rapidly changing industrial environment and lead regional economic growth.
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