# Hammerer Aluminium and LS Cable & System break ground on South Korea joint venture plant

Hammerer Aluminium Industries (HAI) and LS Cable & System held a ground-breaking ceremony on 17 April 2024 for a new production hall in Gumi, South Korea. The EUR 46 million facility will produce aluminium components for electric vehicles starting in 2025.

- Type: New facility
- Announced: 2024-04-18
- Where: Gumi, Gyeongsangbuk-do province, South Korea
- Value: $50.0M (46.0M EUR)
- Starts operating: 2025
- Status: under construction
- Capacity: 13,800 m² production hall, 60 MN press
- Products: aluminium components for electric vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Hammerer Aluminium Industries](https://endata.com/companies/29987.md)
- [LS Cable & System](https://endata.com/companies/21025.md) (partner)

## Sources

- [hai-aluminium.com](https://www.hai-aluminium.com/en/2024/04/ground-breaking-ceremony-for-joint-venture-in-south-korea/), 2024-04-18: "The ground-breaking ceremony for the new production hall in South Korea took place on 17 April 2024."

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