# CVTCORP and JMFT to build $20M factory in South Korea

CVTCORP and JMFT are building a new 300,000 sq. ft. factory in Sihwa Multi Techno Valley, South Korea, with a total investment of over $20 million. The facility will manufacture CVT transmissions and components, opening in Q1 2018.

- Type: New facility
- Announced: 2017-02-16
- Where: Sihwa Multi Techno Valley, South Korea, South Korea
- Value: $20.0M
- Starts operating: Q1 2018
- Status: under construction
- Capacity: 300,000 sq. ft.
- Products: continuously variable transmissions, gears, shafts, clutches
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [CVTCORP](https://endata.com/companies/22263.md)
- [JMFT](https://endata.com/companies/22264.md) (partner)

## Sources

- [oemoffhighway.com](https://www.oemoffhighway.com/drivetrains/clutch-transmission/transmissions/press-release/20852442/cvt-corp-cvtcorp-and-jmft-building-new-factory-in-south-korea), 2017-02-16: "CVTCORP and JMFT are expanding their relationship with the announcement of a new $20 million state-of-the-art factory in South Korea."

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