# Taekwang Industrial to invest KRW 150B to expand sodium cyanide plant in Ulsan

Taekwang Industrial signed an MOU with Ulsan city to invest approximately 150 billion won to expand its sodium cyanide production capacity at its existing site in Mipo National Industrial Complex, Ulsan, from 66,000 tons per year to 132,000 tons per year by January 2027.

- Type: Expansion
- Announced: 2024-09-19
- Where: Ulsan, Mipo National Industrial Complex, South Korea
- Value: $112.5M (150.0B KRW)
- Starts operating: Jan 2027
- Status: announced
- Capacity: 132,000 tons per year
- Products: sodium cyanide (soda ash)
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Taekwang Industrial](https://endata.com/companies/55550.md)

## Sources

- [newsis.com](https://www.newsis.com/view/NISX20240918_0002890612), 2024-09-18: "울산시가 태광산업㈜으로부터 1500억원 규모의 정밀화학 제품 청화소다 생산공장 증설 투자를 유치했다."
- [mk.co.kr](https://www.mk.co.kr/en/business/11119875), 2024-09-19: "The expansion of the Cheonghwasoda plant is an important opportunity to strengthen global competitiveness."

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