"Jobs Will Increase" ... Changwon Special City Signs 86 Billion Won Investment Agreement with Kanglim Heavy Industries

New production plant for marine boilers and other products
to be built in Changwon National Industrial Complex, creating 150 jobs

Changwon Special City in South Gyeongsang Province signed an investment agreement with Kanglim Heavy Industries in the reception room on October 12. The agreement covers an investment of 86 billion won and the creation of 150 new jobs.

Changwon Mayor Kang Kiyoon and Kanglim Heavy Industries Vice President Shin Hanseong attended the signing ceremony and agreed to work together to ensure the smooth implementation of the investment and create local jobs.

Changwon Special City Signs 86 Billion Won Investment Agreement with Gangrim Heavy Industries. [Photo provided by Changwon City]

Founded in 1981, Kanglim Heavy Industries specializes in manufacturing shipbuilding equipment, including marine boilers and inert gas generators. Seven of its products, including marine boilers and inert gas generators, have been selected as World-Class Products, earning the company recognition for its outstanding technology and global competitiveness.

The investment is intended to meet growing order volumes and support mass production of new products. The company plans to build a new production plant in the Changwon National Industrial Complex to further enhance its manufacturing capabilities for marine boilers and newly developed products. This is expected to expand the production base of the local shipbuilding and marine equipment industry and strengthen its competitiveness.

"This investment will enable us to establish a stable production system, reduce manufacturing costs by optimizing workflow, and proactively respond to future growth in orders," said Shin Hanseong, vice president of Kanglim Heavy Industries. "We are grateful to Changwon Special City for its unwavering support of business activities, and we will contribute to the development of the local economy by hiring local talent and fostering mutually beneficial cooperation with local companies."

"Kanglim Heavy Industries' expansion of its production facilities is a meaningful investment that will strengthen the production capabilities of the shipbuilding equipment industry and further enhance the competitiveness of local manufacturing," said Changwon Mayor Kang Kiyoon. "We will provide full administrative support to ensure the company's investment plans lead to tangible results and continue working to make Changwon a business-friendly city where companies can invest with confidence."

Changwon City is stepping up its "One Employee, One Company" dedicated support system to facilitate business investment and become a more business-friendly city. The initiative is expected to boost the Changwon economy and benefit its citizens.

This content was produced with the assistance of AI translation services.