# Eltek Korea to build machine tool plant in Okcheon Techno Valley

Machine tool maker Eltek Korea signed a 12.1 billion won investment agreement with Okcheon County to build a factory in Okcheon Techno Valley, Chungbuk, by 2025, and to relocate its headquarters and plant from Geumsan.

- Type: New facility
- Announced: 2020-12-21
- Where: Okcheon Techno Valley, Chungbuk, South Korea
- Value: $11.0M (12.1B KRW)
- Status: announced
- Products: machine tools, machined parts, machine systems
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Eltek Korea](https://endata.com/companies/7390.md)
- [Okcheon County](https://endata.com/companies/7391.md) (partner)

## Sources

- [mt.co.kr](https://www.mt.co.kr/policy/2020/12/21/2020122110248219266), 2020-12-21: "엘텍코리아는 오는 2025년까지 옥천테크노밸리 내에 ... 공장을 건립한다."

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