Vice Chairman Bae Dong-hyun of Changseong Group Attends 'Changseong Mexico Factory' Completion Ceremony

- Targeting Electric Vehicle and Renewable Energy Parts Market with Patented Technology and Advanced Material Components
- Operating Local Production System in the Americas... Establishing a Global Production Network

[Vice Chairman Bae Dong-hyun of Changseong Group delivering a commemorative speech at the inauguration ceremony of Changseong Co., Ltd. Mexico factory / Photo by Changseong Co., Ltd.]

On the 21st, Bae Dong-hyun, Vice Chairman of Changseong Group, attended the completion ceremony of the CS Component Mexico (hereinafter Changseong Mexico) factory, marking the official start of targeting the electric power component markets in the Americas and Europe.

The Changseong Mexico factory is a production facility for essential advanced material components related to electric vehicles and renewable energy, in which Vice Chairman Bae Dong-hyun has continuously invested. It is the first production base in the North and Central America region for local supply in the Americas.

The completion ceremony was attended by key officials including Bae Dong-hyun, Vice Chairman of Changseong Group; Marco Antonio, Minister of Sustainable Development; Manuel Montes Hernandez, Mayor of Colon, Quer?taro; Kim Sang-soon, Head of KOTRA Latin America Regional Headquarters; as well as government officials from the Mexico region and Changseong executives and employees.

Bae Dong-hyun, Vice Chairman of Changseong Group, stated, “The Changseong Mexico factory will play a key role in global component supply and be utilized as a world-class advanced material component manufacturing hub. We will do our best to further develop Changseong’s technological capabilities based on advanced materials and grow into a company that can have a beneficial impact on humanity’s life.”

Quer?taro, where the Changseong Mexico factory is located, is in central Mexico, offering easy access to most regions in the Americas, with secured public safety and abundant skilled personnel.

Recently, Changseong has innovatively improved both the performance and structure of inductor products, which are core components of power conversion devices, and completed international patent registration for the new technology. Along with the establishment of the Mexican corporation, continuous global orders have enhanced the production stability of the Mexico factory. Products manufactured at the Mexico factory will be supplied throughout the Americas and Europe, including Mexico.

Officials expect that by establishing an optimal production base locally in North and Central America, Changseong will be able to reduce costs such as logistics and production expenses, resolve trade barrier risks, and especially actively respond to the U.S. Inflation Reduction Act (IRA), thereby gaining a more advantageous position in the component market competition.

Meanwhile, Changseong Co., Ltd., established in 1980, is the first company in Korea to successfully commercialize metal powder manufacturing technology through the business of basic materials. It is the only domestic global comprehensive materials and components specialized company leading the development of the basic materials industry for electronic technology worldwide and the advanced material component industry, from advanced materials to eco-friendly automotive and energy components.

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