Daegu City Attracts 53.5 Billion KRW Investment from Four Out-of-Region Companies in Water Industry Cluster

Mayor Kwon Young-jin: "Will Become an Anchor Company Representing the Water Industry Cluster"

Exterior view of the Water Industry Cluster Global Business Center.

[Asia Economy Yeongnam Reporting Headquarters Reporter Park Dong-wook] Daegu City announced on the 15th that it has attracted four out-of-region water companies to the National Water Industry Cluster. These four water companies will invest a total of 53.5 billion KRW in four plots totaling 35,602㎡ (10,788 pyeong) within the Water Industry Cluster and are expected to create more than 150 new jobs.

The four companies are Wintec Glovis Co., Ltd. (activated carbon regeneration device, CEO Lee Sang-hoon), IS Technology Co., Ltd. (ultrasonic water meter, CEO Yoo Gap-sang), Cheongho Precision Co., Ltd. (digital water meter, CEO Cho Cheol-hyun), and SC Solution Co., Ltd. (leak detection solution, CEO Na Kwang-yoon). The investment agreement ceremony will be held at 11:30 AM on the 16th at City Hall.

Wintec Glovis Co., Ltd., located in Hanam, Gyeonggi-do, is a company that developed the world's first new technology for activated carbon regeneration using superheated steam and possesses outstanding technology in the activated carbon material field. According to this agreement, they plan to invest 34.6 billion KRW on a 12,553㎡ site within the cluster to build a manufacturing plant for activated carbon regeneration devices and relocate their headquarters to Daegu.

IS Technology Co., Ltd. is a leading domestic company in the ultrasonic sensor field and developed Korea's first smart water supply platform by applying ultrasonic sensors to the water industry. They plan to invest 8.1 billion KRW on a 9,665㎡ site to build a manufacturing plant.

Cheongho Precision Co., Ltd. is a company equipped with one-stop production facilities (injection molding - mold - assembly - production - inspection) capable of producing various types of water meters manufactured domestically. They plan to invest 7.9 billion KRW on an 8,261㎡ site to build a smart water meter manufacturing plant and relocate their headquarters from Cheonan, Chungnam to Daegu.

SC Solution Co., Ltd., located in Yongin, Gyeonggi-do, possesses top technology for detecting water pipe leaks through leak sound detection. They plan to invest 2.9 billion KRW on a 5,123㎡ site within the cluster to build a new leak detection system manufacturing plant and relocate their headquarters, with construction scheduled to begin in January next year.

According to Daegu City, this investment attraction will provide a major driving force for the city to leap forward as a global water industry leading city by securing core technologies for introducing new advanced water purification methods and building next-generation water management systems based on artificial intelligence, which are key future water industry initiatives.

Mayor Kwon Young-jin stated, "These four companies will become anchor companies representing the National Water Industry Cluster in the future," and promised, "We will actively support these companies to grow into global enterprises quickly through the National Water Industry Cluster and the Water Technology Certification Center."

Meanwhile, since the opening of the National Water Industry Cluster in September 2019 to promote Daegu's water industry, a total of 35 water companies, including these four, have been attracted, showing a sales rate of about 61% (295,000㎡ out of 481,000㎡ in land area). Among the 35 attracted companies, 13, including Lotte Chemical Co., Ltd., have completed construction, two are currently under construction, and the remaining companies plan to start construction in 2021.

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