# Samyang Innochem to invest KRW 71B in production line expansion in Gunsan

Samyang Innochem will invest 71 billion won to add a new production line at its existing plant in the Gunsan Free Trade Zone, South Korea, by August 2021. The expansion will create about 30 new jobs and produce eco-friendly bio-plastic raw material isosorbide.

- Type: Expansion
- Announced: 2019-07-08
- Where: Gunsan, Jeollabuk-do, South Korea
- Value: $60.0M (71.0B KRW)
- Jobs: 30
- Starts operating: Aug 2021
- Status: announced
- Products: isosorbide, BPA (bisphenol-A)
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Samyang Innochem](https://endata.com/companies/40494.md)
- [Samyang Corporation](https://endata.com/companies/29568.md) (partner)

## Sources

- [newspim.com](https://www.newspim.com/news/view/20190708000566), 2019-07-08: "이번 증설협약을 통해 삼양이노켐과 전라북도·군산시의 사회적· 경제적 가치 창출을 위해 최선을 다할 것"

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