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 is planning to invest 240 billion won, equivalent to $170 million, in the construction of a new facility for manufacturing heating, ventilation and air conditioning (HVAC) equipment in Gwangju. The purpose of this investment is to establish Gwangju as the region's manufacturing center for data center cooling solutions.
The investment agreement was signed in a ceremony held in Gwangju, attended by officials from Jeonnam-Gwangju Special Metropolitan City, Samsung Electronics' Head of Digital Appliances Business Kim Cheol-gi, and FlaktGroup Korea's CEO Sean Lim. The new facility will be set up on a 21,800-square-meter plot within Samsung's existing plant in the city.
The plant will commence production of FlaktGroup's coolant distribution units (CDUs) and other HVAC equipment in 2028. CDUs are crucial components for liquid cooling systems utilized in data centers. This marks Samsung's first significant investment in new production facilities since the opening of its Gwangju plant, previously known as Gwangju Electronics.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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