Changwon Special City Achieves $90 Million Export Contract at Hannover Messe in Germany

Leading 4 Pioneer Companies Driving the Next 50 Years of Changwon National Industrial Complex Show Global Expansion

Changwon Special City in Gyeongnam achieved export consultations and contract results worth approximately 90 million USD at the German 'HANNOVER MESSE 2024,' held from the 22nd to the 26th, where it participated together with four local innovative companies, widely promoting the technological capabilities of Changwon Special City's leading companies in the global market.

Changwon Special City selected four innovative companies to lead the next 50 years of the Changwon National Industrial Complex and supported the exhibition space of the 'Changwon Special City Joint Pavilion.'

Participation in the Changwon Special City Joint Pavilion at the Hanover Industrial Fair.

The participating companies demonstrated their global expansion capabilities through a total of five business agreements, 49 export consultations, and contracts amounting to approximately 90 million USD during the exhibition period targeting overseas buyers.

J&Works, a company participating in the Changwon Special City Joint Pavilion, signed an MOU with R, a German virtual commissioning specialist company, regarding industrial applications and AI digital twin solution business. In particular, they promised cooperation for optimal performance solutions for medical use and commercialization, agreeing to initially supply solutions worth 2 million USD this year.

Metaview, a company specializing in industrial XR solution development, signed a cooperation agreement on the 25th with Ukrainian company G for underground facility management and GIS data-related solution technology development, followed by a business agreement on the 26th with German company H, which possesses core network rendering technology.

A Metaview representative stated, "Despite it being our first participation in the Hannover Messe held in Germany, a manufacturing powerhouse in Europe, we achieved two business agreements and results worth 53 million USD, laying the foundation for entering the European market, which is an encouraging achievement."

Eflow, a hydrogen mobility supplier, expanded its footprint in the European market by signing two business agreements. Notably, it signed a supply contract worth 9.5 million USD for 14,000 micro-mobility powertrains over three years with German company A and plans to establish a joint venture with the company to expand the business.

Additionally, it signed a business agreement worth 1 million USD for hydrogen micro-mobility supply with Turkish company H.

Furthermore, ORS Korea conducted 10 export consultations and contracts with numerous overseas buyers at this Hannover Messe, achieving export results worth 7.5 million USD. Subsequently, it plans to sign contracts with agents and conduct joint sales activities at the grindinghub exhibition to be held next month in Stuttgart, Germany.

Hong Nampyo, Mayor of Changwon Special City, stated, "Competitive small and medium-sized enterprises in Changwon have achieved significant results as strong small businesses through participation in the Hannover Industrial Fair. We will continue to support intellectual property (IP) registration, technology startups, and actively assist in pioneering overseas markets so that SMEs can secure international competitiveness for the next 50 years."

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