New and Expanded Production Facilities in Six Cities and Counties by 2030
Expected to Create 899 New Jobs
Chungnam Province has made attracting domestic and international corporate investment a core growth strategy, and is now accelerating efforts to strengthen regional industrial competitiveness by securing a total of 435.5 billion won in investments from 18 companies.
With this investment, the province expects to significantly expand the foundation of advanced industries and manufacturing overall, as well as to generate substantial employment and production effects.
On December 23, the province signed investment agreements in the main conference room of the provincial government building, attended by the mayors or deputy mayors of six cities and counties, along with representatives from 18 companies.
According to the agreements, the 18 companies will invest a total of 435.5 billion won by 2030 to newly build, expand, or relocate production facilities on a total area of 289,360 square meters within industrial complexes and individual sites in six cities and counties-Cheonan, Asan, Seosan, Dangjin, Seocheon, and Yesan. The number of new jobs to be created is expected to reach 899.
In Cheonan, investments will be concentrated in companies related to automobiles, semiconductors, and secondary batteries. Ewha Diecasting, an automotive mechanical parts manufacturer, will invest 35 billion won to relocate its Pyeongtaek plant to the Northern BIT General Industrial Complex in Cheonan, while Enflow, a solid-state battery company, will invest 16 billion won to build a new factory.
Additionally, Yudam, a company specializing in dairy and pet milk products, will invest 33.5 billion won to expand and relocate its production facilities.
In the semiconductor manufacturing equipment sector, D&D Tech Solution (31 billion won) and Seou Technology (28.5 billion won) will each build or expand factories, while JD Tech, an automotive brake parts company (20 billion won), and KMJ, a chemical process equipment company (10 billion won), will also undertake relocation and expansion projects.
In Asan, major investments will be made by Daeyu A-Tech, an automotive seat manufacturer (45.1 billion won), A-Tech Solution, a semiconductor wafer recycling and silicon parts company (65 billion won), and Kyungdong Boiler (20 billion won).
In Seosan, Donghae Metal, an automotive parts company, will invest 11.1 billion won to expand its plant.
At the Seokmun National Industrial Complex in Dangjin, Wheelason, a plant-based milk company, will invest 62 billion won to relocate its Incheon factory, while TGY, a recycled copper and aluminum company, will invest 29.1 billion won to build a new plant.
In Seocheon, Yeonwoo, a tissue and wet wipes company, and Sensortech, a chemical reagent detection equipment company, will each build or expand factories, while in Yesan, MB Materials, a protective film company, has confirmed a new investment.
The province anticipates that these investments will generate 600 billion won in production inducement effects, 250 billion won in value-added inducement, and create 3,400 jobs.
Governor Kim Taeheum stated, "With this agreement, Chungnam has attracted more than 43.72 trillion won in total investment from 317 domestic and international companies," adding, "This will not only enhance the competitiveness of advanced industries such as secondary batteries, semiconductors, and automobiles, but also serve as a turning point for diversifying the structure of the manufacturing sector."
He further emphasized, "We will provide comprehensive support-from site and equipment subsidies, to permits, and workforce supply-to ensure that corporate investments lead to success."
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