Nongshim plans to invest 229 billion KRW to build a new logistics center in Ulsan by 2027.
Kim Jisun
stockmk2020@alphabiz.co.kr | 2024-06-13 03:57:29
Nongshim headquarters. (Photo=Nongshim)
[Alpha Biz= Reporter Kim Jisun] Nongshim has announced plans to build a new logistics center in Ulsan in response to the expansion of its product exports. According to a public disclosure made on the 12th, Nongshim will invest 229 billion KRW to establish the new logistics center in the Samnam Logistics Complex in Ulsan by October 31, 2027.
The purpose of this new logistics center is to enhance domestic logistics competitiveness and support the increasing exports of products such as snacks and instant noodles.
A representative from Nongshim stated, "Currently, there is a small logistics center in Ulsan, and we have decided to construct an additional one." The new center will cover a total floor area of 50,000 pyeong (approximately 165,290 square meters) and will be built as a five-story facility.
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