NextBT "Natural F&P Holds Online Completion Ceremony for Plant 1"

[Asia Economy Reporter Hyunseok Yoo] NextBT, a health functional food specialist company, announced on the 8th that it has completed the construction of the Ochang Plant 1, a subsidiary of Natural F&P, and will hold a completion ceremony online.

With the completion of Plant 1, Natural F&P has expanded its health functional food production line to an area of 15,000㎡. Including the Plant 2, completed in the second half of last year, and the Eumseong Plant, the company now has factory facilities totaling approximately 21,550㎡.

The completion ceremony will be held at 11 a.m. on the same day through an online method, the first in the industry, to prevent the spread of the novel coronavirus infection (COVID-19). Unlike the previous method where many people gathered on-site, the ceremony will be broadcast on YouTube with a minimal number of personnel for video transmission.

Attendees, including related institution officials, customers, and investors, will participate in the ceremony through the company's YouTube channel. The ceremony video will consist of congratulatory speeches from officials and an introduction to the production line. The company plans to donate all the costs saved from this event to the local community.

A Natural F&P official stated, "After the fire in April last year, through the restoration and expansion of the destroyed factory, the production capacity has actually doubled compared to before the fire," adding, "We expect cost ratio improvement and performance growth with highly efficient, state-of-the-art facilities."

He continued, "As the demand for health functional foods increases due to the spread of COVID-19, we will quickly respond to various customer demands," emphasizing, "We will lead the health functional food market and strive to enhance shareholder value through strengthening corporate competitiveness."

Meanwhile, Natural F&P received insurance compensation worth 18 billion KRW through comprehensive property insurance after the fire. To restore production facilities, the company acquired two nearby factories and completed Plant 2 (4,553㎡) in October last year, which has been put into operation, and has now completed Plant 1.

This content was produced with the assistance of AI translation services.