Geunwoo Completes Eumseong Plant in Chungbuk, Accelerates Second Leap Forward

Investment of 30 Billion Won Marks Start of Full-Scale Global Expansion

Geunwoo announced on the 29th that it held a completion ceremony for its manufacturing plant for sub-boards located in Samseong-myeon, Eumseong-gun, Chungbuk.

Approximately 250 people attended the ceremony, including Kim Jaejin, CEO of Geunwoo, company executives and employees, officials from the Chungbuk Provincial Government and Eumseong County Office, as well as representatives from partner companies.

The new Eumseong plant in Chungbuk is Geunwoo's second production base, following the Anseong plant in Gyeonggi-do established in 2014, and was built to respond to the increasing demand for sub-boards. About 30 billion won was invested in the facility, which sits on a land area of 7,000 pyeong (23,235 square meters) and has a total floor area of 4,000 pyeong (13,494 square meters).

Geunwoo announced on the 29th that it held a completion ceremony for the manufacturing plant of sub-boards in Samseong-myeon, Eumseong-gun, Chungbuk. Geunwoo

The plant is set to produce a variety of electrical equipment products essential for buildings, including sub-boards, MCC panels, and distribution boards. Last year, Geunwoo signed a license agreement with French multinational company Schneider Electric for the manufacturing and sales of Blockset Panels, and based on this, established dedicated production facilities for Blockset Panels at the Eumseong plant.

Founded in 1992, Geunwoo expanded its business after establishing the Anseong plant and relocating its headquarters to Seocho-dong, Seoul in 2020. The company has maintained rapid growth, recording sales of 106.5 billion won in 2022, 141.4 billion won in 2023, and 221.7 billion won last year.

CEO Kim Jaejin stated, "The operation of the Eumseong plant will serve as a key driver for Geunwoo's expansion into global markets, including the United States, Europe, and Asia, starting with the establishment of our U.S. subsidiary KW Engineering in 2023. It will also be an important turning point that will lead Geunwoo's second leap forward."

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