Hyundai Heavy Industries Turbomachinery signed an MOU with Pohang city and Gyeongbuk province to invest 100 billion won through 2029 in a new plant at Yeongilman 4 industrial complex producing eco-friendly turbomachinery and SMR equipment. About 100 jobs are expected to be created.
EBARA subsidiary Ebara Precision Machinery Korea is constructing a second overhaul plant for dry vacuum pumps in Pyeongtaek, Gyeonggi Province, on a site of about 13,000 square meters. Construction began in October 2025, with completion scheduled for December 2026 and operations from January 2027; the investment is undisclosed.
Dongwon F&B approved 165 billion won of investment in a new second Jincheon plant for cold food products and expanded beverage production, with spending periods running to January and April 2026.
Taerim Packaging, part of Global Seah Group, held a completion ceremony for its Cheongwon Campus 2 corrugated fabric factory in Ochang 3rd Industrial Complex, Cheongju, Korea. The 62 billion won plant can produce about 190 million square meters of corrugated fabric per year and began production in December 2023.
AERZEN held the grand opening of a new 5,614 square meter turbo manufacturing facility in Cheongju, South Korea, on March 12, 2024. The plant adds production lines and is expected to create more than 5 jobs.
Korean fittings and valve maker Hanseon Engineering is ramping up mass production of semiconductor safety and relief valves and is building a second factory near its Busan headquarters, targeted for completion early next year.
Linde signed an investment memorandum with Gyeonggi Province for about KRW 150 billion to build an industrial gas plant in Pyeongtaek producing semiconductor rare gases such as krypton and xenon, to be completed by 2031.
Edwards, part of Atlas Copco Group, is building a 15,000 m2 manufacturing facility in Asan City, South Korea, for vacuum and abatement systems used in semiconductor manufacturing, expected to be fully operational in Q3 2023.
Korea Seal Line and Ulsan City signed an investment memorandum of understanding for a new metal bellows seal factory in the GW General Industrial Complex in Ulju-gun. The 7.8 billion KRW project is scheduled to begin construction in February 2023 and finish in October.
Edwards, part of Atlas Copco, inaugurated a new 16,000 m2 vacuum pump plant in Asan City, South Korea, to serve global semiconductor manufacturing. Production began in June 2022 and the plant will create about 150 jobs.
Paratech decided to invest 10.2 billion won in a new facility in Seosan, South Chungcheong, adding a building and moving equipment and R&D from its Bucheon plant to build a smart factory.
The Sserora Brewing signed an investment MOU with South Chungcheong Province for a 50 billion won craft beer plant in Boryeong's Ungcheon industrial complex. The highly automated plant, planned to start in August 2022 and be complete by 2024, will produce about 74 million liters a year.
BMT held a groundbreaking ceremony for a new plant in Gijang-gun, Busan, with construction investment of about KRW 34 billion and annual production capacity rising from KRW 150 billion to KRW 300 billion. Completion is planned for March 2023.
Boeun County signed a 12 billion won expansion investment agreement with Puremann, which will buy land and build a second factory in the Jangan industrial complex to enter the new materials business. Puremann currently makes automotive and refrigeration refrigerants.
Brooks Instrument has opened a new manufacturing, engineering and service center in Yongin, Gyeonggi Province, Korea, to produce mass flow controllers for semiconductor manufacturing. The company says the move raises its global production capacity by close to 30 percent once at full scale.
Daelim Pracon signed an investment memorandum with Gimcheon city to build a 20 billion won PET packaging container plant with automated equipment in the Gimcheon General Industrial Complex. The plant is planned to be operating by early next year and is expected to create over 80 jobs.
Edwards and CSK, both Atlas Copco units, signed an MOU with South Chungcheong Province to build a semiconductor and display equipment plant on a 57,810 m² site in Asan, investing $110 million over five years.
Hanon Systems began construction of its fifth plant in Korea, in Naengcheon-ri, Gyeongju-si, on a site of about 33,000 square meters. The plant will make heat pump modules and coolant valve assemblies for electric vehicles, with completion expected in Q2 2021 and production from Q3 2021.
Machine tool maker Eltek Korea signed a 12.1 billion won investment agreement with Okcheon County to build a factory in Okcheon Techno Valley, Chungbuk, by 2025, and to relocate its headquarters and plant from Geumsan.
Enertorque is building a new factory in Dalseong-gun, Daegu, for actuators and water gate hoists, investing 5.6 billion won. Completion of main facilities is expected in the first half of 2021.
Valve maker BMT signed an investment MOU with Busan city to move its headquarters and production plant from Yangsan to the Gijang Advanced Materials Industrial Complex. The KRW 39.5 billion project on a 47,933 square meter site is due by 2023 and will create at least 50 new jobs.
Metso's Neles Globe Valve Technology Center in Chungju, South Korea, is operational and ready for global deliveries of globe valves for oil and gas and power customers.
Unilok, a maker of high-performance valves, invested 48 billion won and completed a new factory in Sihwa MTV, Korea, with about 20,000 m2 of land. A 7,600 m2 site is reserved for expansion.
Coins Co. signed an investment agreement with Yeosu city to build a factory on a 9,900 m2 site in the Yulchon 1 industrial complex, producing synthetic pigs and pipe-inspection robots, for 7 billion won, with work planned from January to December 2020 and 15 hires.
Dooil Cap signed an investment MOU with North Gyeongsang province and Yecheon county to invest 20 billion won over three years to build a plastic packaging plant at Yecheon's second agricultural industrial complex. Completion is targeted for 2022.
Air Products Korea signed an MOU with Chungcheongnam-do province to invest $30 million over five years in building industrial gas production and storage facilities at its Cheonan foreign investment zone plant.
Emerson opened a new $25 million facility in Jukjeon, Korea, to serve its Emerson Automation Solutions customers in the region.
Toly Group plans to build an 8,000 m2 factory in South Korea next year at a cost of EUR 13 million.
Sun Hydraulics plans to buy property and develop a factory in South Korea to manufacture products locally for Asia Pacific customers. Roughly half the cost is expected in 2017, with completion in 2018.
Valve maker Flonix signed an MOU with Wonju City to build a new 9,924 m2 plant at Wonju Enterprise City, investing 11 billion won and hiring 25 local workers. Construction is due to start in October 2017 with operations in 2019.