# Chugoku Samhwa Paint to build plant in Ulsan

Chugoku Samhwa Paint plans to invest 120 billion won to build eco-friendly marine paint production and research facilities in Onsan National Industrial Complex, Ulsan, by 2029, and move its headquarters from Gimhae to Ulsan in 2030.

- Type: New facility
- Announced: 2026-09-14
- Where: Onsan National Industrial Complex, Ulsan, South Korea
- Value: $90.0M (120.0B KRW)
- Starts operating: 2029
- Status: announced
- Products: eco-friendly marine paint
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Chugoku Samhwa Paint](https://endata.com/companies/94164.md)
- [Chugoku Toryo](https://endata.com/companies/94165.md) (investor)

## Sources

- [ksilbo.co.kr](https://www.ksilbo.co.kr/news/articleView.html?idxno=1067277), 2026-09-14: "Chugoku Samhwa Paint plans to invest 120 billion won to build eco-friendly marine paint production and research facilities in Onsan National Industrial Complex, Ulsan, by 2029."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.