# Alco to build KRW 250 billion aluminum products plant in Gumi, South Korea

Alco, a newly established aluminum materials company, will invest KRW 250 billion to build a new plant in Gumi's 1st Industrial Complex, with 20 rolling lines to be installed by 2030, creating over 500 jobs.

- Type: New facility
- Announced: 2024-12-19
- Where: Gumi, Gyeongsangbuk-do, South Korea
- Value: $172.0M (250.0B KRW)
- Jobs: 500
- Starts operating: 2030
- Status: announced
- Capacity: 20 rolling lines
- Products: aluminum rolled products for building exteriors, electronics, packaging
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Alco](https://endata.com/companies/63890.md)

## Sources

- [idaegu.co.kr](https://www.idaegu.co.kr/news/articleView.html?idxno=485390), 2024-12-19: "알코는 19일 구미코 3층 대회의실에서 2024년 투자기업 14개사, 이남억 경상북도 공항투자본부장, 시의회 의장 등 80여명을 초청해 열린 ‘2024 구미시 투자 기업인의 밤’행사에서 이같은 내용을 경상북도 및 구미시와 협의했다."

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