Greene Tweed, a global manufacturer of high-performance thermoplastics, composites, seals, and engineered components announces its investment plans for a new manufacturing facility in Cheongju-si, Chungcheongbuk-do, Republic of Korea.
Greene Tweed is investing in Korea to support the continued growth of the global semiconductor industry. The company plans to manufacture some of the most widely adopted and advanced elastomer seals that consistently enable reliable performance and meet the most demanding specifications and standards. The facility is expected to start production in early 2024. The new manufacturing site will enable Greene Tweed to increase global capacity, enhance its business continuity plans, and help improve lead times and responsiveness for its global customers.
The groundbreaking ceremony for the facility is planned for June, with construction estimated to be completed in early 2024. The new facility will combine Greene Tweed’s proven and tested technologies with advances in automation to manufacturing products at the high standards that customers demand and expect. While the facility may eventually produce additional product lines, the new capacity will initially be dedicated to Greene Tweed’s Chemraz® product line, a leading brand for sealing solutions to semiconductor, energy, and industrial markets. “The facility will focus on creating value and improving delivery time to customers.
