Sol Materials is investing 54.7 billion won in Saemangeum to expand its production facilities.

On the 14th, Sol Materials signed an investment agreement with the Saemangeum Development Agency (Director Kim Gyu-hyun), Jeollabuk-do, Gunsan City, and the Korea Rural Community Corporation for the construction of an ‘industrial gas manufacturing facility’ in the Saemangeum Industrial Complex.

Sol Materials will invest 54.7 billion won in a 34,000㎡ site in the Saemangeum Industrial Complex this October to begin construction on a factory, with operations scheduled for October 2024.

The construction of the Saemangeum plant is said to be a proactive response to the rapidly increasing demand for semiconductors and gas, an essential material, as the markets for mobile devices and tablet PCs continue to grow.

Sol Materials plans to produce approximately 30,000 tons per year of carbon dioxide (CO2), carbon tetrafluoride (CF4), and germanium tetrahydride (GeH4), which are used in cleaning, etching, and deposition during the semiconductor manufacturing process at its Saemangeum plant. This is expected to contribute to stabilizing the supply through domestic production of semiconductor materials.

Additionally, we plan to conduct meticulous product analysis to ensure quality control and safe supply, and thoroughly establish facilities and systems to prevent risks.

Sol Materials explained that it decided to invest in Saemangeum because its logistics infrastructure, including roads, ports, and airports, is being rapidly built, and because it offers excellent investment benefits, such as tax breaks on corporate and income taxes and the provision of inexpensive long-term leased land.
Heo Ji-haeng, CEO of Sol Materials, said, “We will do our best to grow together with our customers and local communities, along with the development of the semiconductor gas industry, which is at the core of national industrial development.”

Kim Gyu-hyun, head of the Saemangeum Development and Investment Agency, said, “We support the new beginnings in Saemangeum, which will lead our country’s new industries, and we will not spare any support for the mutual development of Sol Materials and Saemangeum.”