CHUNGCHEONGBUK-DO < invest Korea

According to Newsis,

Chungju-si, Chungbuk-do signed investment agreements worth KRW 22.2 billion with 3 companies including HTL, CNS Food, and CSM.

Chungju's mayor and three CEOs signed investment agreements on January 26 at Chungju City Hall, pledging to work together towards efficient investment implementation, job creation, and administrative support.

HTL is a manufacturer of seamless flavor capsule that goes into various foods including tobaccos and cosmetics. It plans to build a production facility of 3016㎡ on the site of 6173㎡ in Dongchungju Industrial Complex by investing KRW 10 billion.

CNS Food, a producer of processed food including Sweet and Sour Pork, Spit-roasted rice cake, plans to build a food processing plant of 2735㎡ on the site of 3135㎡ in the same industrial complex by investing KRW 6.5 billion.

CSM is a manufacturer of optical and polarizing films. It will invest KRW 5.7 billion in expanding its business. It plans to build a plant of 1980㎡ that will produce parts for secondary battery on the site of 3135㎡.

When the three companies start operating new factories in Chungju, the city expects it will create 100 new jobs.

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Source: Newsis (January 26, 2022)