# Dongsung Hitech invests KRW 25B to expand cryogenic insulation production in Anseong

Dongsung Hitech is investing KRW 25 billion to expand its cryogenic insulation production lines at its Anseong plant in South Korea. The expansion will increase production capacity by 50%, enabling annual output for 30 LNG carriers of 174,000 m³ class.

- Type: Expansion
- Announced: 2024-01-16
- Where: Anseong, Gyeonggi Province, South Korea
- Value: $19.0M (25.0B KRW)
- Status: under construction
- Capacity: annual capacity for 30 LNG carriers of 174,000 m³ class (50% increase)
- Products: cryogenic insulation materials, reinforced polyurethane foam, insulation panels, membrane sheets
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Dongsung Hitech](https://endata.com/companies/75010.md)

## Sources

- [magazine.hankyung.com](https://magazine.hankyung.com/business/article/202401106058b), 2024-01-15: "동성화인텍은 2022년부터 총 250억원을 들여 안성공장 내 LNG 운반선 초저온 보냉재 생산 설비 증설에 나섰다."

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