# Horoyong breaks ground on electric excavator plant in Gimje, South Korea

Horoyong held a groundbreaking ceremony for South Korea's first mass-production electric excavator plant in Gimje's Jipyungseon Industrial Complex. The company will invest about 25 billion won to build a line with annual capacity of over 3,000 units.

- Type: New facility
- Announced: 2021-04-02
- Where: Gimje, Jipyungseon Industrial Complex, South Korea
- Value: $22.5M (25.0B KRW)
- Starts operating: 2021
- Status: under construction
- Capacity: over 3,000 units per year
- Products: electric excavators
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Horoyong](https://endata.com/companies/54221.md)

## Sources

- [newspim.com](https://www.newspim.com/news/view/20210402000319), 2021-04-02: "㈜호룡은 김제 지평선산업단지 4만6730㎡에 연말까지 250여억원을 투자해 연 3000대 이상의 생산능력을 갖춘 전기굴착기 전용라인 구축을 완료할 계획이다."

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