News & Event
- Home
- News
- News & Event
According to Yonhap News,
Cheonji Bio, a company producing composite fertilizers in Yeongdong, Chungbuk-do, plants to invest KRW 40 billion by 2030 to expand production facilities.
The company signed an investment agreement with Yeongdong-gun on March 6.
The company, which settled in Yeongdong in 2018, has been producing functional fertilizers using Illite, a resource buried in Yeongdong-gun.
It already purchased about 14,300㎡ in Yeongdong Industrial Complex last year to build production facilities, and decided additional investment in Hwanggan Industrial Complex to respond to the expansion of it business.
The company plans to purchase 29,000㎡ of Hwanggan Industrial Complex, which is shceulded to be established next year, and build its 3rd plant.
An official from Yeongdong-gun said, "the new construction of new plants in Yeongdong and Hwanggan Industrial Complexes are expected to create about 90 new jobs"
bgipark@yna.co.kr
Copyrights Yonhap News. All Rights Reserved.
Reprint or redistribution without permission is prohibited.
Source: Yonhap News (March 6, 2024)
** This article was translated from Korean.