Greene Tweed Expands Manufacturing with New Facility in Korea
Photo Credit: Greene Tweed
LANSDALE, Pa., June 11, 2024 (VSNewsNetwork.com) - Greene Tweed, a manufacturer of high-performance thermoplastics and engineered components, has announced the completion of a new manufacturing facility in Ochang, Cheongju-si, Chungcheongbuk-do, Republic of Korea. This development represents a significant expansion of Greene Tweed's global manufacturing capabilities, particularly for its Chemraz® product line, which serves the semiconductor industry.
The new facility is set to commence sample production immediately, with plans to begin commercial production by September 2024. The site is equipped with advanced manufacturing technology and features environmentally friendly systems such as solar panels and greywater recycling facilities. The facility is staffed with skilled professionals ready to initiate operations.
"The opening of this facility represents a pivotal step in our strategic growth plan," stated Magen Buterbaugh, President and CEO of Greene Tweed. "Our investment in Korea not only expands our manufacturing capacity but also strengthens our ability to provide high-quality Chemraz® products to our customers, particularly in the semiconductor industry, which is crucial to the global economy."
Greene Tweed's new location is aimed at supporting customers in Korea and the surrounding regions, including major players in the semiconductor market. With the semiconductor market projected to reach a valuation of one trillion dollars by 2030, the company is positioned to meet both local and global demand more effectively. This expansion is expected to enhance delivery times, improve business continuity, and offer greater flexibility and reliability for customers worldwide.
"Greene Tweed’s new manufacturing site in Korea is a testament to our ongoing commitment to innovation and operational excellence," said Thyag Sadasiwan, General Manager of Chemraz®. "This facility will initially focus on our Chemraz® product line, known for its superior performance in demanding semiconductor applications, and will eventually expand to include other product lines to meet diverse customer needs."
A grand opening ceremony for the new site is scheduled for June 2024, and it will include key stakeholders, customers, and local dignitaries to celebrate this significant milestone.
For more information about Greene Tweed and its comprehensive range of capabilities, visit www.gtweed.com.
Source: Greene Tweed via Newswire
