Samsung to invest $170 mil. for HVAC manufacturing facility in Gwangju
Samsung Electronics will invest 240 billion won ($170 million) to build heating, ventilation and air conditioning (HVAC) equipment manufacturing facility in Gwangju, under the goal of having the region as its manufacturing hub for data center cooling solutions. Samsung Electronics, FlaktGroup Korea and Jeonnam-Gwangju Special Metropolitan City held a signing ceremony for the investment in…
Samsung Electronics plans to invest 240 billion won, equivalent to $170 million, in the construction of a manufacturing facility for heating, ventilation, and air conditioning (HVAC) equipment in Gwangju. The objective is to establish Gwangju as the region's manufacturing center for data center cooling solutions. The investment agreement was signed during a ceremony in Gwangju, attended by Mayor Min Hyung-bae of Jeonnam-Gwangju Special Metropolitan City, Samsung Electronics' Head of Digital Appliances Business Kim Cheol-gi, and FlaktGroup Korea's Head Sean Lim.
Samsung will establish FlaktGroup’s HVAC equipment manufacturing unit on a 21,800-square-meter plot at the company's existing location in the city. The new facility will commence production of FlaktGroup’s coolant distribution units (CDUs) and other HVAC equipment in 2028. CDUs play a crucial role in liquid cooling systems utilized in data centers.
This marks Samsung's first substantial investment in new production facilities since the establishment of its Gwangju plant, formerly referred to as Gwangju Electronics.
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