Samhyun Co., Ltd. Signs Business Agreement to Attract Investment in Changwon City

- Samwoo Metal Industry Co., Ltd., Samhyun Co., Ltd. and BWK Co., Ltd. held an investment attraction agreement ceremony -

Changwon City (Mayor Heo Sung-moo) announced on the 27th that it has signed a "MOU" with Samhyun and Samwoo Metal Industries, the region's leading small and medium-sized companies, and BWK, a new start-up company in Changwon. The city expects that the investment attraction of these three companies will revitalize the sluggish Changwon economy with 63.8 billion won worth of new investment and 112 new employees.

Samwoo Metal Industries (Chairman Bang Hyo-cheol) is a representative defense company in Changwon, and is one of the few companies in Korea that can perform precision processing, metal surface treatment, and painting at once. It is also a company with a long history of being selected as a long-lived company by the Small and Medium Business Administration in 2017, including the Gyeongnam Small and Medium Business Awards (Small and Medium Business Administration), the Gold Tower Industrial Medal (President), and the CEO of the Year (Changwon Market). As of 2019, only 12 prestigious long-term companies have been selected nationwide.
  Samwoo Metal plans to invest 17.7 billion won in Namyang-dong, Seongsan-gu, Changwon by 2022 and create 45 new jobs as an investment agreement ceremony was held as a result of the construction of a new aircraft parts production plant to expand its business.

Samhyun Co., Ltd. (CEO Hwang Sung-ho) is a company that develops and produces motors, controllers, and actuators for precise control in the fields of automobiles, robots, and defense, established in 1988 
Based on its excellent technology, we developed the CA Motor of the DCT (Double Clutch Transmission) transmission for the first time in Korea in 2013 
It is being supplied exclusively to Hyundai Motor Company, 
Changwon Small and Medium Business Award in 2016 and Changwon City Excellent Research Group Award in 2017
It is a global small and medium-sized company that Changwon City is proud of.

In addition, Samhyun has recently preemptively jumped into the construction of a smart factory that the government is striving to spread and distribute to improve the constitution of the industrial ecosystem 
It is considered a leading smart factory company in Changwon City as a company that has achieved great success. 
The SBW (Automobile Electronic Transmission System) production plant, which will be newly built by Samhyeon in Palyong-dong, Changwon-si, will also be established as a smart factory by investing KRW 30 billion by 2021, and plans to hire about 30 new people. 
The city expects that Samhyun's new smart factory will greatly help spread smart factories and build platform in Changwon National Industrial Complex, which has been designated as a smart leading industrial complex in 2019 and is being reborn as a future industrial complex.

BWK Co., Ltd. (CEO Gong Byung-sam), a new company established in November, has its own technology in the field of heat fusion coating inside and outside steel pipes using polyethylene purified powder. 
The PE coating technology is eco-friendly because it does not contain harmful substances such as dioxin and does not produce industrial waste or toxic substances in the production process, has excellent waterproof, insulating, and shock absorption, and is competitive compared to other coating methods.
  BWK is planning to establish a PE coating plant in Jukgok-dong, Jinhae-gu, Changwon, and plans to invest about KRW 16.1 billion by 2020 and hire 37 new employees. 
The PE coating industry is a blue ocean market dominated by two domestic companies, and PE coating is expected to continue to grow in the future due to its diverse product application fields and high domestic and foreign demand.

The city plans to actively provide related administrative and financial support by operating an active administrative TF team for investment realization to create employment and economic ripple effects through rapid investment realization of companies that signed this investment agreement.
  Changwon Mayor Huh Sung-moo said, "I am grateful to companies that made investment decisions despite difficult economic conditions," adding, "We will do our best to support the success and prosperity of cities and provinces so that we do not regret investing in Changwon."

Source: Changwon City