Yuhan-Kimberly Expands Advanced Tissue Equipment at Gimcheon Plant with 43 Billion KRW Investment

Approximately 600 Billion Invested in New Technologies and Facilities Over the Past Decade
Establishing the Foundation to Achieve 20 Trillion Sales Target by 2025

Yuhan-Kimberly announced on the 14th that it will invest 43 billion KRW in new tissue equipment. Photo by Yuhan-Kimberly

[Asia Economy Reporter Kim Heeyoon] Yuhan-Kimberly announced on the 14th that it will invest 43 billion KRW in new tissue equipment.

The equipment, with an annual production capacity of 36,000 tons, will be installed at Yuhan-Kimberly's Gimcheon plant and will begin full-scale operation from mid-2023. Over the past 10 years, Yuhan-Kimberly has invested about 600 billion KRW in new technologies and equipment such as ThinTech Core diapers and biodegradable sanitary pads. This investment is the largest single equipment investment in the past five years.

Through this expansion of advanced tissue equipment, Yuhan-Kimberly expects to alleviate difficulties faced by the household goods industry due to tissue fabric shortages and to partially replace some imports.

Despite the global market's lack of active investment in tissue equipment, Yuhan-Kimberly's investment in tissue equipment is evaluated to have been driven by the trust of its shareholders (Yuhan Corporation and Kimberly-Clark) in Yuhan-Kimberly's leadership in the domestic household goods market, innovation capabilities, and high corporate reputation. Yuhan-Kimberly's sales in 2020 were 1.4977 trillion KRW, and it aims to achieve sales of 2 trillion KRW by 2025 based on new investments and new businesses.

A Yuhan-Kimberly official stated, "With this investment, the supply capacity of tissue fabric is expected to increase from the existing 164,000 tons to 200,000 tons, an increase of more than 22%."

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