# Hanwha Aerospace to expand aviation engine plant in Changwon

Hanwha Aerospace will invest 59 billion won to add a second aviation engine manufacturing plant at its Changwon 1 site, doubling production capacity. Construction starts in April 2024 and is expected to be completed by the end of the year.

- Type: Expansion
- Announced: 2024-03-24
- Where: Changwon, South Korea
- Value: $44.0M (59.0B KRW)
- Starts operating: 2024
- Status: announced
- Products: aviation engines
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Hanwha Aerospace](https://endata.com/companies/5761.md)

## Sources

- [mk.co.kr](https://www.mk.co.kr/en/politics/10972887), 2024-03-24: "Hanwha Aerospace decided to invest a total of 59 billion won in December last year to increase the number of aviation engine manufacturing plants in its Changwon 1 plant from one to two."

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