# Hyundai Elevator invests KRW 127.7B in new plant in Chungju

Hyundai Elevator announced an investment of KRW 127.66 billion to build a new plant in Chungju, South Korea, to improve production capacity and logistics efficiency. The investment period runs until May 30, 2022.

- Type: New facility
- Announced: 2020-05-27
- Where: Chungju, South Korea
- Value: $104.0M (127.7B KRW)
- Starts operating: 30 May 2022
- Status: announced
- Products: elevators
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Hyundai Elevator Co.](https://endata.com/companies/18437.md)

## Sources

- [etoday.co.kr](https://www.etoday.co.kr/news/view/1899536), 2020-05-27: "현대엘리베이터는 충주 신공장 신축공사에 1276억6000만 원을 투자한다고 27일 공시했다."

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