SEOUL, May 31 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Wednesday it will suspend the operation of one of its eight domestic plants during the second half of this year in preparation for electric vehicle (EV) production. Kia, a smaller affiliate of Hyundai Motor Co., will begin the construction Thursday to change [...]
SEOUL, May 15 (Korea Bizwire) — LG Electronics Inc. ran its TV manufacturing plant at around 75 percent in the first quarter, the company said Monday, amid slowing demand for home entertainment products. The tech company said in a regulatory filing the rate came in at 75.3 percent for the three months ending in March, [...]
SEOUL, March 25 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Friday it will build a purpose-built vehicle (PBV) plant in one of its domestic plants, as it strives to become a future mobility solutions provider. Kia plans to complete the PBV plant by the end of 2024 and start operations in 2025, [...]
SEOUL, March 14 (Korea Bizwire) — South Korean steelmaker POSCO said Monday it has broken ground for a plant that will produce sold-state electrolyte (SSE), a key component in solid-state batteries. The plant in Yangsan, about 420 kilometers southeast of Seoul, will be able to produce 24 tons annually from the second half of the [...]
SEOUL, Feb. 16 (Korea Bizwire) — Samsung Electronics Co. has relocated some of the smartphone production lines operated by its partner companies in overseas countries back to South Korea, industry sources said Tuesday, the move came after some of the company’s overseas plants suffered production disruptions due to the COVID-19 pandemic. Some production lines run [...]
GUMI, SOUTH KOREA, Dec. 16 (Korea Bizwire) – The CoorsTek plant in Gumi, South Korea was recently presented with an award from the National Institute of Chemical Safety (NICS) in recognition of the facility’s exceptional safety protocols and best-in class chemical accident prevention plan. CoorsTek, a leading manufacturer of technical ceramics, operates more than 30 manufacturing [...]
MALMÖ, Sweden, Nov. 18 (Korea Bizwire) — Oatly Group AB (Nasdaq: OTLY) (“Oatly” or the “Company”), the world’s original and largest oat drink company, today announced the opening of its first production facility in Ma’anshan, China, just a few months after opening its first Asian factory in Singapore in July. The new production facility is [...]
VANCOUVER, Canada and LONDON, UK, June 17 (Korea Bizwire) — (BST) – The UK Atomic Energy Authority (UKAEA) and General Fusion have announced an agreement under which General Fusion will build and operate its Fusion Demonstration Plant (FDP) at UKAEA’s Culham Campus. General Fusion will enter into a long-term lease with UKAEA following construction of a [...]
SEOUL, June 14 (Korea Bizwire) — SK Inc.’s European bio subsidiary Yposkesi has begun the construction of its second drugmaking plant in France to ramp up its manufacturing capacity, the holding firm of South Korea’s No. 3 conglomerate SK Group said Monday. In March, SK acquired a 70 percent stake in Yposkesi, a France-based Contract [...]
SEOUL, May 14 (Korea Bizwire) — ASML Holding N.V., the world’s leading photolithography equipment maker, is building a new plant in South Korea. The Ministry of Trade, Industry and Energy announced Thursday during its briefing on K-semiconductor blueprint that ASML will invest in the country. The company will invest 240 billion won (US$212 million) to [...]