# Gwang Steel to invest 10.9B won in production line expansion in Gimje, South Korea

Gwang Steel, a prefabricated building materials manufacturer, will invest 10.9 billion won by 2023 to expand production lines on 16,469 m² in Gimje's Jipyungseon Industrial Complex, creating about 50 jobs.

- Type: Expansion
- Announced: 2020-11-17
- Where: Gimje, Jipyungseon Industrial Complex, South Korea
- Value: $9.80M (10.9B KRW)
- Jobs: 50
- Starts operating: 2023
- Status: announced
- Products: prefabricated building materials
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Gwang Steel](https://endata.com/companies/51262.md)

## Sources

- [yna.co.kr](https://www.yna.co.kr/view/AKR20201117069100055), 2020-11-17: "광스틸은 2023년까지 109억원을 투입해 김제 지평선 산단 1만6천469㎡ 부지에 생산라인을 증설한다"

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