Jinyang Chemical Decides on 11 Billion KRW Factory Expansion and Equipment Investment
[Asia Economy Reporter Kim Young-won] Jinyang Chemical announced on the 20th that it will invest 11 billion KRW in factory building expansion and equipment. The investment amount corresponds to 43.32% of its equity capital.
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This investment aims to increase production efficiency and secure competitiveness, with the investment period from today until April 30, 2023. Of the investment amount, 4 billion KRW is for construction costs, and 7 billion KRW is for machinery and equipment expenses.
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