Samsung Medison expands Hongcheon factory by spending 48 billion won... Expansion of production base

Samsung Medison, a domestic medical device company, spent 48 billion won to expand ultrasound diagnostic device production facilities at its Hongcheon plant in Gangwon-do.

Gangwon Special Self-Governing Province announced on the 13th that a factory expansion completion ceremony was held at Samsung Medison's Hongcheon business site in Nam-myeon, Hongcheon-gun.

About 50 people attended the event, including Gangwon Province Governor Woo Sang-ho, National Assembly member Yoo Sang-beom, Provincial Speaker Park Gil-seon, and Hongcheon County Governor Shin Young-jae.

Samsung Medison began construction in September of last year and completed it in August of this year, investing approximately 48 billion won to expand five buildings, including an ultrasound diagnostic device manufacturing building and a management office building.

The expanded construction area is 11,523㎡. Samsung Medison plans to strengthen its ultrasound diagnostic device production base and respond to global market demand through this facility expansion.

Samsung Medison, founded in Hongcheon in 1985, was acquired by Samsung Electronics in 2010, and has recently been focusing on developing artificial intelligence (AI)-based diagnostic assistance technology.

Samsung Medison's sales have been on the rise for the past three consecutive years, and it is investing about 16% of its sales in research and development.

It also accounts for a large portion of the local medical device industry, accounting for about 40% of the province's medical device exports.

Governor Woo said, "Samsung Medison is a local company that has grown along with the region and a representative anchor company leading the domestic medical device industry. We will continue to do our best to support the growth of local medical device companies, including Samsung Medison."