The Nice Korea Corporation, a South Korean subsidiary of Japan’s Suteki Nice Group held a ceremony for free cut timber processing plant in the Woongdong hinterland on September 19.
Founded in 1950, Suteki Nice Group has 2,000 employees and offices in Japan and seven other countries. It mainly produces construction materials and builds houses.
The Nice Korea has run a total logistics center with the site of 10,000 pyeong (33.000 square meters) after the establishment in 2013 and the company built the new free cut timber processing plant on the land of 7,000 pyeong (23,100 square meters) to enter the domestic timber housing market and export products to the global market.
An official from The Nice Korea said, “We believed that Busan New Port would be an attractive investment so we have invested about 30 billion won (US$26.54 million) to establish a total logistics center and free cut timber processing plant. We will use the new plant as a production base for timber, which is globally popular as an environmentally friendly construction material.”
During a congratulatory address at the ceremony, Busan-Jinhae Free Economic Zone Authority Commissioner Jin Yang-hyun said, “The Nice Korea is a very encouraging case that makes use of good location of Busan New Port, creates added value by importing materials from Europe and North America and processing them at the free cut timber processing plant and establish global business models to supply products to the domestic market and export overseas. We expect that it can lead to the expansion of domestic timber houses using the eco-friendly construction material.”