Ildong Foodis Co., Ltd., Investment Agreement for New Chuncheon 3rd Factory Establishment

Construction of Factory 3 with an area of 11,635㎡ in Geodu Nonggongdanji, Chuncheon

[Image=Ildong Foodis Homepage]

[Asia Economy Reporter Ra Young-cheol] Ildong Foodis Co., Ltd., a domestic baby food manufacturing company, plans to establish and invest in a third factory in Chuncheon.

On the 13th, Gangwon Province and Chuncheon City announced, "On the 14th, we will sign a mutual cooperation investment agreement (MOU) with Ildong Foodis Co., Ltd. regarding the establishment and investment of the Chuncheon third factory."

Ildong Foodis Co., Ltd. plans to invest a total of 38 billion KRW to build the third factory (site area 11,635㎡) for producing protein supplement products in the Chuncheon Geodoo Agricultural Industrial Complex, creating 36 new jobs.

In addition, due to the rapid growth of sales in the online market, they are preparing to introduce a sterilized paper pack line that meets market trends with 'small volume,' 'eco-friendliness,' and 'safety.'

Founded in 1979 in Yongin, Gyeonggi Province, and relocated to Chuncheon in 2008, Ildong Foodis Co., Ltd. has its headquarters and first factory in the Geodoo Agricultural Industrial Complex in Chuncheon City and a second factory in Ucheon-myeon, Hoengseong County.

Ahn Kwon-yong, Director of the Global Investment and Trade Bureau of Gangwon Province, said, "The establishment of Ildong Foodis Co., Ltd.'s third factory is an excellent example of mutual growth between companies and the region amid the accumulating economic damage caused by COVID-19," adding, "We will actively cooperate to help the company grow into the nation's top enterprise and expand globally."

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