STX Solar and Gumi City Sign Investment MOU on Gumi 4th National Industrial Complex 상세내용
Subject
STX Solar and Gumi City Sign Investment MOU on Gumi 4th National Industrial Complex
date
2008-07-02 00:00:00
일반게시판
내용
STX Solar and Gumi City Sign Investment MOU on Gumi 4th National Industrial Complex
At 4:30 PM on June 30, 2009, Gumi City (Mayor: Nam Yoo Chin) signed an MOU with STX Solar, Inc., for investing in the Gumi 4th National Industrial Complex. The signing ceremony took place at the auditorium of STX Energys Gumi plant, located in Gongdan-dong, and was attended by over 40 people including the governor of North Gyeongsang Province, president of STX Solar, Inc., lawmakers from the city and the province, regional interested parties, and STX officials. About 57,949 sq. meters of land in the Gumi 4th National Industrial Complex will be sold to STX Solar, Inc. The company in return will invest approximately 200 billion won to produce solar cell batteries and modules. Such development will make Gumi City the hub of the new recyclable energy industry, along with its present status as an IT hub.
Gumi City welcomes the 40th anniversary of the Gumi National Industrial Complex that saw its industry grow from early textiles and electronics to mobile and IT industries and soon to expand into new recyclable energy. By doing so, another pivotal basis in the Complexs industry is created in addition to its mobile and display industries as a re to head the proper direction of industry structure from the perspective of industry portfolio.
A spokesperson from STX Solar, Inc. said the solar battery industry has had an annual growth of 36% for five years after 2001 and is expected to have a annual growth for the next 10 years. In addition to the worlds three major companies (Sharp, Q-cells, and Kyocera), growth by Chinese companies such as Suntech is highly anticipated. Therefore, putting the most importance in dominating the industry is now more important than ever.
Upon looking into the investment perspective of this MOU, 200 billion won will be invested until 2012, including 166 billion won in plant and equipment. Such production inducing effect will result in crystalline structure cell and module sales of more than 1.77 trillion won by 2012, with such module production bringing import substitution effect on domestic industry- and home-use electricity installations to over 220 billion won, a 60% level of the entire domestic market scale, in addition to creating employment for over 500 local residents.
Investment in Gumi Complex by STX Solar, Inc. is a direct result of Gumi Citys Mayor meeting in person with the CEO of STX Group, requesting the investments from a company that provides outstanding infrastructure support at the Gumi 4th National Industrial Complex and also being the company with close local ties. This clearly shows positive outcome from the Mayors desire and diligent efforts for being one step ahead regarding attracting new businesses from within and outside Korea. Gumi City is now one step ahead in bringing new businesses to Korea, following its triumph in bringing overseas investments, including Exxon Mobil, from last year.
Gumi City has pledged STX-Solar, Inc. its success in investing on Gumi by offering all support from administrative and financing aspects, from authorization for establishment of the plant to making short work of post-establishment company delays.
