Global Machine Tool Companies Continue to Settle in Songdo, Incheon... Completion of Bystronic Headquarters Building

Japan's Amada and Okuma Also Moved In 2018

Bystronic Korea headquarters building located in Songdo, Incheon [Photo provided by Incheon Free Economic Zone Authority]

[Asia Economy Reporter Park Hyesook] World’s top three metal processing system manufacturers are consecutively establishing their presence in Songdo International City, Incheon Free Economic Zone.

According to the Incheon Free Economic Zone Authority on the 10th, the completion ceremony of the office building for Bystronic Korea, the Korean subsidiary of the Bystronic Group, was held on the 9th at the Knowledge Information Industry Complex in Songdo District 4.

Bystronic Korea, 100% invested by the Swiss Bystronic Group, completed the office building on a 3,360㎡ site with a total project cost of approximately 10 billion KRW after investment contracts in December 2018.

The building houses the headquarters and an exhibition and education center (Brand Experience Center), with the exhibition and education center being the largest among the group’s centers in the Asia region.

It is expected to serve as a venue for product training not only for domestic clients but also for engineers across Asia, attracting hundreds of visitors annually.

The Swiss Bystronic Group is one of the world’s top three advanced metal processing system companies, developing and manufacturing laser cutting machines, bending machines, and factory automation software.

It has more than 3,500 employees across over 40 branches worldwide and is listed on the Swiss stock exchange.

Bystronic Korea is leading the digitalization of the steel plate processing industry by linking laser processing systems with automation systems and software.

Since 45% of Bystronic Korea’s customers are concentrated in the Gyeongin area, cooperation for the successful digital transformation of small and medium-sized enterprises in the Incheon region is also anticipated.

With Bystronic Korea settling in, two of the world’s top three advanced companies have established themselves in Songdo, including Japan’s AMADA, which moved in in October 2018. The remaining company is Germany’s Trumpf.

Okuma, Japan’s number one machine tool market share holder with over 120 years of history, also completed the 'CNC Machine Tool Education and Training Center' in Songdo and moved in March 2018.

An official from the Incheon Free Economic Zone Authority stated, “The fact that many global companies, including Bystronic, are settling in Songdo confirms that the Incheon Free Economic Zone is highly regarded as a global business hub,” adding, “We expect the advanced industrial ecosystem of the Incheon Free Economic Zone to become even stronger with Bystronic Korea’s establishment.”

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