JEOLLABUK-DO < invest Korea

According to Yonhap News,

(IKSAN=Yonhap News) Kyungin Synthetic (KISCO), producer of chemical products, signed sales contract to invest KRW 180 billion to build its plant within the 3rd General Industrial Complex in Iksan-si, Jeonbuk-do.

KISCO plans to build a plant in 2-phases by 2022 on the site of 125,344 square meters.

The first phase will be complete by the later half of this year, followed immediately by the commencement of the second phase.

When the plant comes into full operation, it is expected to create 350 jobs.

KISCO manufactures chemical products including dying and ink, recording annual revenues of KRW 330 billion last year.

With KISCO's sales contract, 73 percent of the 3rd Industrial Complex has been let out.

doin100@yna.co.kr

Copyrights Yonhap News. All Rights Reserved.
Reprint or redistribution without permission is prohibited.

Source Text

** This article was translated from Korean.

Source: Yonhap News (June 5, 2019)