Miryang City Signs Investment Agreement Worth 26 Billion KRW with 3 Companies
HA Korea, Myeongjin Chemical, Seoul ENG
On the 8th, Miryang City in Gyeongnam held a business investment agreement ceremony in the small conference room of the city hall.
At the ceremony, Park Il-ho, Mayor of Miryang, the CEO of HA Korea, the CEO of Myeongjin Chemical, and the Vice President of Seoul ENG participated.
Miryang City in Gyeongnam held a business investment agreement ceremony with three companies in the city hall's small conference room.
View original imageHA Korea is the Korean branch of the German Hutenes Albertus Group (hereinafter HA Group). The HA Group headquarters is a global company with subsidiaries in more than 30 countries worldwide and is the world’s number one company in the foundry organic binder industry.
HA Korea will invest 8 billion KRW by 2024 to build a second factory on a 4,643㎡ site in the Miryang Nano Convergence National Industrial Complex, producing products that combine nano-particle minerals and eco-friendly manufacturing processes, and will hire 15 new employees.
Myeongjin Chemical is a leading company in advanced nano-chemical material manufacturing technology producing special coatings and waterproofing agents. By 2024, it will invest 8 billion KRW to build a factory on a 9,137㎡ site in the Miryang Nano Convergence National Industrial Complex and hire 25 new employees.
Seoul ENG is the only company in Korea producing high-temperature heat-resistant steel for petrochemical use. It will invest 10 billion KRW to build a factory on a 9,917㎡ site in the Miryang Hanam General Industrial Complex and hire 20 new employees.
The city will provide active administrative and financial support to ensure that corporate investment and employment proceed quickly and smoothly.
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Mayor Park Il-ho said, “I thank the company representatives who trusted and chose Miryang,” and added, “We will do our best to support the companies so that they can smoothly achieve their planned investments and establish roots in Miryang through stable management.”
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