LS Cable Holds Jeonju Factory Inauguration
(CLOB) LS Cable (CEO: Koo, Ja-Yeol) inaugurates the new LS Cable factory building in
July 13, 2006 as it commences a new Jeonju era.
LS Cable started the transfer of
the agricultural machinery division in September 2005, which was located in
Gunpo, Gyeonggi-do. They recently completed the transfer of injection and air
conditioning division to Jeonju, Jeonrabuk-do. The Jeonju factory of LS Cable is
equipped with the state-of-the-art production facility including tractor,
injection, air conditioning system, etc., in a site measuring 46,000 pyungs
(152,000 m2) inside the Jeonbuk Science Industrial Complex in Bongeup-dong,
Wanju-gun, Jeonrabuk-do. The welfare complex for company staff is also being
prepared, including a company dormitory and apartment for about 250 households
in a nearby area.
The Agricultural machinery division which was the first
transferred to Jeonju in September 2005. They have since produced the No. 1
tractor brand in October, and is now equipped with the state-of-the-art
technology tractor drive test site as well as production equipment.
Injection division whose transfer was completed recently, it made the flow
production of small injection and automatic injection production line available,
and also made the mixed production of small and medium-sized injection available
by composing 14 production cells.
The Air conditioning division that’s producing
the heating and cooling system for building could also enhance production
efficiency and product quality through the optimization of the production line.
Besides the cutting-edge production line, LS Cable also provides support for the
welfare of company staff moving from Gunpo to Jeonju. For this reason, the
company purchased an apartment building near the factory and leases them to the
company employees. They also constructed staff dormitory with four stories above
ground and one below in a site measuring 9,700 pyungs (32,000 m2) near the
factory. It is equipped with 4 blocks of living quarters, a swimming pool,
fitness center, table tennis court, driving range, etc. LS Cable decided to open
the swimming pool and the driving range inside the dormitory to the local
residents with the detailed plan under preparation.
The machinery business which
started the Jeonju era is the business undertaking of the Gunpo factory of Korea
Heavy Industries in 1983. Making a big profit for 2 years continuously ? 388
million US$ in sales, 23 million US$ in operating profit in 2005 ? this business
is the fastest growing unit for LS Cable. The machinery business of LS Cable
sets the sales goal this year at 455 million US$, a 15% increased from last