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.”