# BMT breaks ground on 34 billion won new plant in Busan, Korea

BMT held a groundbreaking ceremony for a new plant in Gijang-gun, Busan, with construction investment of about KRW 34 billion and annual production capacity rising from KRW 150 billion to KRW 300 billion. Completion is planned for March 2023.

- Type: New facility
- Announced: 2021-11-26
- Where: Gijang-gun, Busan, South Korea
- Value: $28.8M (34.0B KRW)
- Status: under construction
- Capacity: Annual production capacity from KRW 150 billion to KRW 300 billion
- Products: UHP fittings and valves, cryogenic LNG valves, electrical switchgear and distribution panels
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [BMT](https://endata.com/companies/2923.md)

## Sources

- [newspim.com](https://www.newspim.com/news/view/20211126000626), 2021-11-26: "비엠티는 부산 기장군 장안읍에서 신공장 기공식을 개최했다고 26일 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.