Future Auto Parts Companies Take Off... 'High-Energy Precision Machining Center' Opens in Ulsan

Ulsan City and Korea Institute of Industrial Technology 'Establishment Project'

Total Project Cost 20.7 Billion KRW, Prototype to Process Development

The High-Energy Precision Machining Technology Center, which supports the production of future car parts, is opening in Ulsan.

Ulsan City and the Korea Institute of Industrial Technology will hold an opening ceremony for the 'High-Energy Precision Machining Technology Center' at 3 p.m. on the 19th at the Korea Institute of Industrial Technology Ulsan Headquarters, with about 100 attendees including related organizations and industry officials.

This center was promoted as part of the High-Density Energy Industrial Application Technology Commercialization-Linked Technology Development (R&BD, Research & Business Development) project.

The project was built with a total budget of 20.732 billion KRW (9.932 billion KRW from the national government, 10.2 billion KRW from the city government, and 600 million KRW from private investment) and constructed in Jung-gu, Ulsan, with a total floor area of 2,036.61㎡ and four floors above ground.

Details of the High-Energy Precision Machining Center.

Inside the center, 14 types of equipment, including a laser surface precision machining system, have been installed, which can be utilized for prototype production and new process development by future car parts companies.

Additionally, an annual project budget of 200 million KRW (100 million KRW from the national government and 100 million KRW from the city government) will be invested to support companies by providing production process diagnosis and analysis, prototype production combined with technology development, and sharing of success cases targeting automobile parts companies.

An official from Ulsan City stated, “We will do our best to provide technology and equipment support so that small and medium-sized enterprises and mid-sized companies struggling with the transition to future cars can respond to changes.”

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