KCC to Invest 100 Billion KRW in Factory Expansion in Gimcheon ... Completion Scheduled for Second Half of This Year

Factory Manager Kim Hong-gyeom and Mayor Kim Chung-seop Sign Business Agreement

On the 23rd at 3 PM, Gimcheon City in Gyeongbuk held a signing ceremony for a memorandum of understanding (MOU) regarding the expansion investment of KCC's Gimcheon plant at the second-floor conference room of Gimcheon City Hall. The event was attended by 15 people, including Kim Choong-seop, Mayor of Gimcheon, Kim Hong-gyeom, Manager of KCC Gimcheon Plant, and Ahn Yong-woo, Chairman of the Gimcheon Chamber of Commerce and Industry.

With this investment, KCC, which operates a business site in the Gimcheon Industrial Complex, plans to invest over 100 billion KRW in available land to expand the factory, which is expected to create 140 direct and indirect jobs. The expansion project involves the construction of the second glass wool production plant, covering approximately 3,600 pyeong, and is scheduled to be completed by the second half of 2023.

KCC Factory Manager Kim Hong-gyeom (left in the photo), Kim Chung-seop, Mayor of Gimcheon (center), and Ahn Yong-woo, Chairman of Gimcheon Chamber of Commerce and Industry, are taking a photo after signing a business agreement.

KCC is a global leader in markets ranging from architectural interior and exterior materials, window materials, paints, to advanced materials. Under the management philosophy of "Creating Value for a Better Life," the company has achieved a comprehensive A grade in ESG evaluations based on ethical management, environmental management, and social contribution practices. It has also been selected as a world-class product by the Ministry of Trade, Industry and Energy for 14 consecutive years, establishing itself as a leading company in the advanced materials industry.

The KCC Gimcheon Plant, which acquired the largest industrial complex of 71,000 pyeong in the Gimcheon 1 General Industrial Complex in 2011 and made large-scale investments, has contributed to revitalizing the Gimcheon economy. With this expansion investment, it is expected to accelerate securing new growth engines and play a pivotal role in the local economy.

Kim Hong-gyeom, Manager of KCC Gimcheon Plant, stated, "With this investment, we will produce glass wool with excellent fire safety in accordance with the revised Building Act, securing global competitiveness in the field of architectural insulation materials. We aim to contribute to revitalizing the local economy and become a company that grows together with and shares with the local community."

Mayor Kim Choong-seop said, "Despite the difficult economic situation, I thank KCC for deciding on this large-scale investment. I hope that through this expansion investment, the company will secure continuous development and competitiveness and grow into a global company."

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