Plansee expands production in Korea

October 14, 2014

Plansee Group has announced plans to build a new plant in South Korea. The Governor of the Korean province Kyung-pil Nam and Bernhard Schretter, member of the Executive Board of Plansee Holding AG, recenlty signed a memorandum of understanding relating to the purchase of the necessary land and the construction of a building providing 2,500 m2 of production and office space.

Plansee is investing €10 million in the project and will merge its existing Korean production and sales sites in the new development, expanding production capacity. “This investment is a vital step in ensuring our continued growth in South Korea,” stated Schretter. “With this new construction on the doorstep of our key customers, we are emphasizing our long-term commitment as a supplier to the semiconductor and display industry in South Korea.”

The new company building is scheduled for completion in 2016. “The Dongtan High-Tech Industrial Complex, where Plansee has decided to invest, is an optimal investment destination since it houses many outstanding electronics companies, R&D centres and human resources,” stated Govenor Kyung-pil Nam. “We promise to do our utmost to provide all necessary administrative support so that Plansee can successfully carry out its investment.”

plansee


The Governor of the Korean province Kyung-pil Nam and Bernhard Schretter, member of the Executive Board of Plansee Holding AG

www.plansee.com   


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