Toyo Engineering Korea Limited (President&CEO, Mr. Toru Osanai) commenced Early Detailed Engineering
Work from June, 2012 to manufacture glass for flat panel displays(FPDs) in Paju City, Gyeonggi, Republic
of South Korea.
This project is a consolidated project betweenToyo Engineering Corporation and Toyo Engineering Korea.
The capital investment is approximately 33 billion Yen including equipment to be relocated from Japan.
Toyo-Korea’s contract is to complete detailed engineering, procurement (Utility Equipment, Main Station and
others), construction and interconnection work among Main Building, Utility and Main Station. (Expected Final
Contract Amount over 60 billion K-Won)
This plant is owned/will be operated by Electric Glass Korea Co., Ltd.(Investment stake 100% of NEG) which
is a Subsidiary company of Nippon Electric Glass Co., Ltd. (NEG).
This Glass Plant Investment is in order to determine the most effective response to dramatically changing
FPD Market in worldwide and to strengthen its glass business of NEG for FPDs.
In addition, there is an increasing necessity to respond to its customers’ needs more rapidly, through the
establishment of an integrated manufacturing base in the areas where the demand is the strongest.
The targeted plan is to start its operation from September 2013.
