Paratech's New Investment in Firefighting Equipment: "Production of Early Fire Suppression Sprinkler Heads"
[Asia Economy Reporter Hyunseok Yoo] Paratech announced on the 7th through a public disclosure that it will undertake a new facility investment worth 10.2 billion KRW for the "new facility investment due to the relocation of the Bucheon factory" and "factory expansion and equipment relocation to expand fire protection products and manufacturing business."
Paratech operates a manufacturing business specializing in the production and sales of fire protection products such as sprinkler heads, fire protection synthetic resin pipes, and fire valves, as well as a construction division that carries out fire protection construction. With this new facility investment, Paratech will leave the Chunui-dong factory in Wonmi-gu, Bucheon-si, which has been the core production facility of the manufacturing division for about 50 years since the founding of Paratech’s predecessor, "Geukdong Sprinkler," in 1973.
Paratech plans to expand one building at its fire protection product manufacturing plant currently operating in Suseok-dong, Seosan-si, Chungcheongnam-do. The expansion will be approximately 7,000m² in total floor area and three stories above ground, and equipment currently operated at the Bucheon factory will be relocated there. In addition, simultaneous with the expansion, new facilities will be invested in to improve production efficiency and enhance automation levels, achieving an "expansion of the smart factory domain." By increasing the efficiency of raw material supply, the production quantity per operating personnel will increase, and by supplementing product inspection equipment, the quality control level of shipped products will be raised, preparing to elevate competitiveness to the next level.
A Paratech official said, "Although we feel a great sense of regret leaving Bucheon, which has been Paratech’s home for a long time, we have high expectations as we can improve productivity and maximize quality through environmental improvements," adding, "We will realize Paratech’s core value of protecting lives and property by strengthening product competitiveness."
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With this factory expansion and relocation, Paratech plans to move not only the manufacturing headquarters including production facilities but also its research institute, which is developing various new products such as high-capacity sprinkler heads, early fire suppression sprinkler heads, and ESS fire response automatic extinguishing systems.
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