Keyyang Precision Co., Ltd., the only turbo charger company in Korea, has laid a foundation for becoming a global leading company through the completion of a local factory in China.

At the ceremony for the completion of the plant in China on October 1, local and foreign dignitaries attended the ceremony, including Lee Chul-woo, member of the National Assembly, Park Bo-saeng, the Mayor of Gimcheon City, Kim Jung-ho, the chairman of The Gimcheon Chamber of Commerce and Industry, More than 70 people, including precision customers and suppliers, attended the event in Korea.

The factory in Keyyang Precision China, which was completed in Wuxi City, Jiangsu Province, China, with a total capacity of 3.9 billion won, will start operation in three lines from June this year and will assemble and produce 750,000 turbochargers.

Prior to the ceremony, a meeting was held with Gimcheon City and Wuxi high-ranking officials on March 31 to pledge economic cooperation and mutual cooperation.

Chung Byungkee, CEO of Keyyang Precision Co., Ltd., has been trying to become a company that serves the customers and serves the customers based on continuous investment and continuous new technology development by establishing the company with the single aim of making the turbo charger which was unfamiliar even in 1994 "We are now at another turning point for a breakthrough," he added. "We will demonstrate our spirit of challenge and enthusiasm, creativity and innovation by practicing the will of human respect and ethical management and social contribution. We will leap to becoming a global leader in turbochargers that pursue environmental values. "

When Chung Byungkee was working in a large company 20 years ago, many Chinese people on a bicycle ride on the streets witnessed a minister going to work in Beijing during their business trip to Beijing. He predicted that demand for automobiles would skyrocket from the enormous Chinese population, and he also foresaw that the issue of improving fuel efficiency and protecting the environment would be highlighted globally.

The turbocharger is an integral part of an automobile that can be mounted on an automobile engine to improve the fuel efficiency of the engine, make it smaller and lighter. In addition, it is recognized as a key part of green growth business by improving combustion efficiency in relation to emissions of automobile pollutants that are currently being discussed in the world. Keyyang Precision has laid the groundwork for a breakthrough in the development of the Korean automotive industry by self-supporting all 48 components of the turbocharger and designing all the structures directly.

Keyyang Precision has been awarded the Iron Tower Order of Merit by the Ministry of Commerce, Industry and Energy in 2014 and has been selected as a World Class 300 company in 2012 and recognized technological power and future growth potential. It also boasts numerous awards and product certifications.

Keyyang Precision Co., Ltd. will expand its global market in 2022. In order to achieve 12% market share of the global turbocharger market and to achieve sales of KRW 1.7 trillion in 2022, the company opened the US (opening in 2012) and European R & D center, We are spurring a leap to the company.