Ground-breaking ceremony for joint venture in South Korea
The joint venture between Hammerer Aluminium Industries and LS Cable & System in South Korea is entering the next phase. The ground-breaking ceremony for the new production hall in South Korea took place on 17 April 2024.
Ranshofen (18.04.2024) – The aluminium expert Hammerer Aluminium Industries (HAI) is relying on strong partnerships to drive forward the strategic development of the HAI Group. Together with LS Cable & System, HAI is investing in a company in South Korea. The official ground-breaking ceremony for the construction of the new production hall took place on 17 April 2024.
Official ground-breaking ceremony in Gumi (South Korea)
The official ground-breaking ceremony marks the next phase of the joint venture between the HAI Group and LS Cable & System. The ground-breaking ceremony for the construction of the new production hall in Gumi (South Korea, Gyeongsangbuk-do province) was held on 17 April 2024. HAI CEO Rob van Gils, COO Markus Schober and Strategic Investment Manager Peter Blatt represented the HAI Group at the ceremony in Gumi. For LS Cable & System CEO Bon-Kyu Koo was on site at the celebrations.
High relevance in strategic development
In his speech, CEO Rob van Gils emphasised the importance of the joint venture for the strategic development of the HAI Group. The new company will enable the HAI Group to strengthen its focus on the production of highly complex aluminium components for electromobility and at the same time serve the important South Korean market locally.
Investment volume: 46 million euros
With an investment volume of around 46 million euros, a 13,800 m² production hall including a 60 MN press for the production of aluminium components will be created. From 2025, the HAI Group and LS Cable & System will produce aluminium components for electric vehicles for the South Korean market at the Gumi site.
Official representatives – including Koo Bon-kyu (third from left), CEO of LS Cable, Hong Young-ho (second from left), CEO of LS Materials, Rob van Gils (seventh from left), CEO of HAI Group and Markus Schober (fourth from left), COO of HAI Group – attend the ground-breaking ceremony for the new production hall in Gumi, North Gyeongsang Province, on Wednesday.
Fotocredit: LS C&S
The HAI Group
Hammerer Aluminium Industries employs 2,100 people. Founded in 2007, the company has its headquarters in Ranshofen, Upper Austria, and eight other locations in Germany, Romania and Poland. HAI looks back on a special success story. Here, the dynamism and innovative spirit of a young company are combined with the experience of a traditional business. In 2022, HAI realised a turnover of 990 million euros in the three production areas of casting, extrusion and processing. The products of the HAI Group can be found in the construction sector as well as in automotive and transport technology, electrical engineering and mechanical and plant engineering.
Media contact:
Elfriede Dicker, Management Assistant & Marketing HAI-Group
Hammerer Aluminium Industries Holding GmbH
Lamprechtshausener Straße 69, 5282 Ranshofen, Austria
0043 7722 891 2540, 0043 664 884 61096
elfriede.dicker@hai-aluminium.com