Kwang Jo ILI is building a second factory extension at its headquarters in Yangsan, South Gyeongsang, to produce ball, butterfly, check and needle valves. Operations are targeted for November 2022.

PK Valve, a subsidiary of STX, began building a second dedicated plant for cryogenic butterfly valves for LNG carriers, targeted for completion in September 2021. The company expects LNG valve sales of 50 billion won in 2021.

TK-Fujikin signed an MOU with Busan Jinhae Free Economic Zone Authority to invest KRW 55.7 billion in a new factory on a 33,881 square metre site in Busan, adding to its existing plants. The project is scheduled to finish in 2025 and add about 450 jobs.

Taekwang Fujikin signed a site lease agreement with the Busan-Jinhae Free Economic Zone Authority to build a new factory in the Hwajeon industrial complex in Busan, South Korea, consolidating its existing plants with a total investment of 55.7 billion won, with about 450 new jobs planned and completion by 2025.

Chinese valve maker Geonhwa Valve signed an MOU with Chungnam province and Boryeong city to invest 10 million dollars in expanding its cast iron pipe valve factory in the KXD industrial complex by year-end, creating 50 jobs.