# CS to build elevator wire rope plant in Ulsan, South Korea

CS signed an MOU with Ulsan city to invest about 22.7 billion won in a new elevator wire rope production plant in Onyang-eup, Ulju-gun, Ulsan. Construction is expected to be completed by August 2020, creating 25 direct jobs.

- Type: New facility
- Announced: 2019-12-03
- Where: Onyang-eup, Ulju-gun, Ulsan, South Korea
- Value: $19.2M (22.7B KRW)
- Jobs: 25
- Starts operating: Aug 2020
- Status: announced
- Products: elevator wire rope
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [CS Group](https://endata.com/companies/13250.md)

## Sources

- [sedaily.com](https://www.sedaily.com/article/12493699), 2019-12-03: "씨에스는 울산시 울주군 온양읍에 위치한 지더블유(GW)일반산단에 약 227억원을 투자한다."
- [ulsanpress.net](https://www.ulsanpress.net/news/articleView.html?idxno=340743), 2019-12-03: "울산시와 투자 양해각서 체결 승강기용 와이어로프 생산 공장 25명 직접고용·추가투자 기대"

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