JEOLLABUK-DO < invest Korea

Royal Canin MOU signing ceremony
[photo by Jeollabuk-do]

- Invest KRW 210 bln by 2025, expected to revitalize the local economy through increased exports and job creation

-Royal Canin Gimje plant solidifies its position as the center of production in the Asia-Pacific region

◆ ◆ MOU on facility expansion investment with Royal Canin, a global pet food leader

Jeollabuk-do signed an MOU on investment with Royal Canin Korea, a global foreign-invested company, for expansion of its plant, at the Jeollabuk-do Office on April 18 in the presence of Jeollabuk-do Vice-Governor Shin Won-shik, General Manager Kushan Fernando of Royal Canin Gimje plant, and Gimje-si Economic Welfare Director Shin Mi-ran.

This MOU has been made to expand factory and facilities in order to respond to the increased demand for pet food driven by an increase in the number of households living with companion animals and changing perception about companion animals.

According to the MOU, Royal Canin Korea plans to invest KRW 210 billion in the existing Gimje plant by 2025, more than doubling its production and equipping it with state-of-the-art facilities.

Jeollabuk-do and Gimje-si plan to actively cooperate through administrative and financial support to ensure that the investment is carried out smoothly.

◆Royal Canin, a pet food company leading tailored nutrition for companion animals

Royal Canin, established in France in 1968, is a leader in the global pet food industry, belonging to the Mars Group, a global food company.

-Based on the idea that dog and cat of different breeds require different nutritional ingredients, Royal Canin provides tailored nutritional feed that meets nutritional requirements depending on individual age, breed, lifestyle, body type and health condition of cats and dogs.

Starting with production at the end of 2018, the Royal Canin Gimje Factory has been supplying products to 9 countries in the Asia-Pacific region, including Australia, New Zealand, Japan, Taiwan, and Hong Kong. It has been contributing to the global expansion of K-Pet Food by winning the Export Tower of USD 30 million (2020), USD 50 million (2021), for the first time among domestic pet food companies.

◆ Expected to stimulate local economy through job creation, etc.

The investment on expansion by Royal Canin is expected to revitalize the local economy by directly creating more than 50 jobs, indirectly increasing employment through the integration of related industries, increasing income of local residents and improving trade balance through expansion of export markets.

In addition, this investment is expected to contribute to revitalizing related industries in the province and developing pet food industry as it uses rice and poultry as main raw materials.

◆ Make utmost efforts to support the growth of an investing company

Jeollabuk-do Vice-Governor Shin Won-shik said, “We expect the Gimje Factory, which has world-class competitiveness, to become the center of pet food production in the Asia-Pacific region in step with the rapidly growing pet food market.” adding, "We will actively support so that Royal Canin Korea can keep growing.”





Source: Jeollabuk-do (April 18, 2022)