3M slated a huge investment in Gyeonggi Province

Createdd 2006-06-05 Hit 6499

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3M, the company signed an agreement with Gyeonggi to build a ‘LCD LED Film Plant’ within this year which requires US$60 million of an investment, has designed another plan of facility investment in the Foreign Investment Exclusive Unit located in Hwaseong of Gyeonggi Province which will eventually aid them to absorb the soon be surging demand for their respiratory system protecting goods.

Gyeonggi Province has endeavored hard by visiting 3M head quarter, submitting of many requests to the government for policy revision, and etc, and finally succeeded in deriving 3M’s decision to choose Gyeonggi for an investment, leaving out all the other proposals from other nations. The faith and confidence they have shown thru the other investment businesses, which have already been implemented, has also acted a part to derive their decision. Gyeonggi’s effort has given a great benefit to its local and also to the whole nation.

Even though they have not yet given a concrete shape to an investment plan, it will be a sizable investment considering an explosive increase of demand for the industrial safety goods in the worldwide market. Once the plan is concretized it will generate a great employment rate which will ultimately invigorate the local economy and raise national competitiveness