Groundbreaking of 'Samyang Foods' New Factory at Miryang Nano Industrial Complex... Positive Signal for Corporate Attraction

Samyang Foods is holding a groundbreaking ceremony for the Miryang factory at the Miryang Nano Convergence National Industrial Complex. (Photo by Gyeongnam Provincial Government)

[Asia Economy Yeongnam Reporting Headquarters Reporter Kang Woo-kwon] Samyang Foods held a groundbreaking ceremony for its Miryang factory on the 19th at the Nano Convergence National Industrial Complex in Miryang, Gyeongnam.

About 100 officials attended the groundbreaking ceremony, including Kim Kyung-soo, Governor of Gyeongnam Province; Park Il-ho, Mayor of Miryang; Kim Ha-yong, Chairman of the Gyeongnam Provincial Council; Hwang Geol-yeon, Chairman of the Miryang City Council; Byun Chang-heum, President of Korea Land and Housing Corporation; and Kim Jeong-hwan, Chairman of the Korea Industrial Complex Corporation.

Miryang City and Samyang Foods signed an investment agreement in December last year. Starting with this groundbreaking, Samyang Foods plans to invest 207.4 billion KRW to build a new factory on a site of 68,830㎡ with a total floor area of 69,801㎡, consisting of five above-ground floors and one basement floor.

The factory is scheduled to be completed in January 2022, aiming for commercial production from April. It will establish automated production lines for noodles and soup, as well as export-dedicated production lines, enabling an annual maximum production of 600 million ramen noodles upon completion.

Samyang Foods will utilize the Miryang factory as an advanced base for export product production. By leading with the highest quality products produced at the Miryang factory, the company plans to compete with global food companies and elevate the status of K-food, becoming a global food enterprise.

This investment is expected to create over 150 new jobs, significantly contributing to local job creation through win-win cooperation with the community.

Park Il-ho, Mayor of Miryang, said, “We are pleased that Samyang Foods has broken ground at the Nano Industrial Complex. We sincerely congratulate the Miryang factory groundbreaking with the citizens of Miryang, and our city will spare no administrative or financial support.”

Kim Jeong-su, General Manager, said, “Many companies establish overseas production bases to reduce costs, but we decided to build a factory here in Miryang to revitalize the domestic economy. We will continue to strive to enhance the status of Korean food.”

Governor Kim Kyung-soo emphasized, “Recently, nanotechnology has expanded into the food sector, and the knowledge base related to food, raw material cultivation in nearby Gyeongnam, Busan, and Ulsan, as well as the Northeast Asia logistics hub including Busan New Port, will provide new opportunities for export company Samyang.”

The groundbreaking of Samyang Foods’ Miryang factory in the Nano Convergence National Industrial Complex proves the locational advantages of the Miryang Nano Convergence National Industrial Complex, and it is expected to accelerate the development of the complex and attract other companies in the future.

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