# Nanotim acquires land for third plant in Daejeon, South Korea

Nanotim, a thermal management materials company, has acquired approximately 8,000 pyeong of land in Daejeon for 14.3 billion won to build a third plant. The plant will produce urethane-based gap fillers for Stellantis battery systems and other new products, with construction starting in 2024 and completion by 2026.

- Type: Expansion
- Announced: 2023-10-27
- Where: Daejeon, South Korea
- Value: $10.6M (14.3B KRW)
- Starts operating: 2026
- Status: announced
- Products: urethane-based gap fillers, thermal management materials
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Nanotim](https://endata.com/companies/73305.md)

## Sources

- [asiae.co.kr](https://www.asiae.co.kr/article/2023102715111879278), 2023-10-27: "The third plant will be built on this site, with construction starting in 2024 and completion by 2026."

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