DAEJEON — Three companies based in Daejeon, including Axvis, will invest about 73.4 billion won ($53 million) to build and expand manufacturing and research facilities, the city government said.
Daejeon said it signed investment agreements worth about 73.4 billion won with the three local companies on the 14th at a conference room in city hall.
The companies plan to build or expand manufacturing and research facilities at the Daejeon Industrial Complex and the Daedeok Industrial Complex in Daedeok District and in the Taplip-Jeonmin district of Yuseong District. The three investments will create 104 new jobs.
Axvis, founded in 2009 in the Daedeok Research Complex, supplies intelligent industrial laser solutions that combine its own optical and software technologies, serving the electric vehicle and secondary battery sectors. It was recently named a leading company in materials, parts and equipment by the Ministry of Trade, Industry and Energy.
The company is building a new headquarters and plant with a 43.3 billion won investment at the Daejeon Industrial Complex, and plans to add another plant on an adjacent site to expand into the battery, semiconductor and robotics markets.
Pami, founded in 1998, is a Daejeon-based specialist in inspection equipment for semiconductors and electronic components, developing its own 2D and 3D inspection systems used from surface-mount technology to semiconductor processes. Drawing on its proprietary 3D laser inspection technology, the company is expanding into global markets and plans to build manufacturing and research facilities in the Taplip-Jeonmin district of Yuseong District on the back of a global semiconductor boom.
Hansol Paper, founded in 1965, is one of South Korea's leading integrated paper manufacturers, producing industrial paper, printing paper, specialty paper and thermal paper. It makes a range of paper products at four domestic sites in Daejeon, Sintanjin, Cheonan and Janghang and supplies global markets.
The company has recently focused on developing eco-friendly materials for cosmetics and secondary batteries based on sustainable materials technology such as nanocellulose, and plans to expand its Daejeon plant to add mass-production capacity.
Daejeon Mayor Huh Tae-jung said the city will support the companies so that they can keep growing from a base in Daejeon and become industry leaders.