# Daeyu EP invests KRW 5B in Busan plant for auto plastic parts production

Daeyu EP is investing KRW 5 billion in its Busan plant to expand production capacity for automotive plastic parts, including console boxes and seat trims for Hyundai Santa Fe and Palisade models. The investment will add a console box assembly line and increase annual production capacity from 1.4 million to 2.1 million units.

- Type: Expansion
- Announced: 2023-03-22
- Where: Busan, South Korea
- Value: $3.80M (5.00B KRW)
- Status: announced
- Capacity: 2.1 million units per year
- Products: automotive plastic parts, console boxes, seat trims
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Daeyu EP](https://endata.com/companies/69250.md)

## Sources

- [nocutnews.co.kr](https://www.nocutnews.co.kr/news/5913739), 2023-03-22: "자동차 플라스틱 부품 전문 제조기업 대유이피가 신규 수주 물량 증가에 따라 부산공장에 50억 원 규모 생산 설비 투자를 진행한다고 22일 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.