# Ostempharma to build new production facility in Osong, South Korea

Ostempharma plans to invest 24 billion KRW to build a new factory on idle land at its Osong plant by 2026. The facility will produce new products for the cosmetic materials business unit.

- Type: Expansion
- Announced: 2024-08-15
- Where: Osong, Chungcheongbuk-do, South Korea
- Value: $18.0M (24.0B KRW)
- Starts operating: 2026
- Status: announced
- Products: cosmetic materials
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Ostempharma](https://endata.com/companies/79213.md)

## Sources

- [jbnews.com](https://www.jbnews.com/news/articleView.html?idxno=1447937), 2024-08-15: "오스템파마는 2026년까지 시설자금 240억원을 투자해 오송공장 유휴부지에 신축 공장을 설립할 예정이다."

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