# Aekyung Specialty Paint to build KRW 10B insulation coating plant in Gwangyang

Aekyung Specialty Paint signed a KRW 10 billion investment agreement with Gwangyang City to build a new plant producing insulation coatings for electrical steel sheets, with annual capacity of 7,000 tons, starting construction in the first half of 2023.

- Type: New facility
- Announced: 2022-09-27
- Where: Gwangyang, South Jeolla, South Korea
- Value: $7.00M (10.0B KRW)
- Starts operating: Q1 2023
- Status: announced
- Capacity: 7,000 tons per year
- Products: insulation coatings for electrical steel sheets
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Aekyung Specialty Paint](https://endata.com/companies/65567.md)

## Sources

- [yna.co.kr](https://www.yna.co.kr/view/AKR20220927108100054), 2022-09-27: "전남 광양시는 애경특수도료와 100억원 규모 투자협약을 체결하고 전기강판용 절연코팅제 생산 공장을 신축할 계획이라고 27일 밝혔다."

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