Gyeonggi Province Attracts Investment from German Semiconductor Company

On the 21st, Gyeonggi Province signed an investment agreement (MOU) with Busch, a German manufacturer of vacuum pumps for semiconductors and LCDs, at the Gyeonggi Provincial Government office in Suwon.

Under the agreement, Busch will invest $30 million over the next three years to establish a vacuum pump manufacturing facility in Majang-myeon, Icheon, and will begin full-scale production starting from 2008.

Vacuum pumps are equipment that creates the vacuum conditions necessary for semiconductor and LCD production. The province expects that through this investment agreement, it will be able to resolve logistics and transport issues related to this equipment, which has previously relied heavily on imports.

Busch, headquartered in Marburg, Germany, operates four production facilities and 37 sales and service branches worldwide. The company possesses technology in manufacturing various high-vacuum pumps, designing vacuum systems, and commissioning.

At the investment agreement ceremony, Gyeonggi Province Governor Kim Moon-su stated, "With the attraction of a world-class high-vacuum pump manufacturer, we can expect not only the accumulation of machinery processing technology but also improvements in semiconductor and LCD product quality," adding, "We will spare no administrative support."