# Osstem Implant expands Cheonan plant investment to KRW 374.2 billion

Osstem Implant signed an investment agreement with Cheonan City on August 16, 2024, to expand its investment in a production facility and R&D center in Cheonan Techno Park from KRW 140 billion to KRW 374.2 billion. The project will cover 80,911 square meters and create 205 new jobs, with completion by 2031.

- Type: Expansion
- Announced: 2024-08-16
- Where: Cheonan Techno Park, Chungcheongnam-do, South Korea
- Value: $280.0M (374.2B KRW)
- Jobs: 205
- Starts operating: 2031
- Status: announced
- Products: dental implants
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Osstem Implant](https://endata.com/companies/67871.md)

## Sources

- [businesspost.co.kr](https://www.businesspost.co.kr/BP?command=article_view&num=362491), 2024-08-16: "오스템임플란트는 2031년까지 천안테크노파크 일반산업단지 8만911제곱미터에 3742억 원을 투입해 생산시설을 신설하고 신규 인력 205여 명을 고용한다."

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