Establishment of a second production subsidiary and development of a third plant in the Chungju region of South Korea
First written in FY2016-Q3. 16 of 19 entries say "Advanced", first in FY2016. Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025ReframedAnnual report
「The description of the Chungju Foreign Investment Zone occupancy agreement has been removed because W-SCOPE CHUNGJU PLANT CO., LTD. was excluded from the scope of consolidation and classified as an equity-method affiliate.」
WCP in Chungju changed from a consolidated subsidiary to an equity-method affiliate, changing its position from that of a consolidated production subsidiary. - FY2021AdvancedAnnual report
「At WCP, mass-production shipments began in the fourth-quarter consolidated accounting period from the newly added cumulative 14th and 15th film-forming machines and cumulative 17th and 18th coating machines, increasing production volumes.」
At WCP in Chungju, mass-production shipments began from the cumulative 14th and 15th film-forming machines and 17th and 18th coating machines, and the new equipment progressed to the stage of contributing to revenue and production volumes. - FY2021-Q3AdvancedAnnual report
「At W-SCOPE CHUNGJU PLANT CO., LTD. (WCP), the 4 existing production lines continued to operate smoothly in mass production, while preparations for mass-production shipments from 2 new production lines were also completed.」
In addition to the continued mass-production operations of WCP's existing 4 lines, preparations for mass-production shipments on 2 new lines were complete. - FY2021-Q2AdvancedAnnual report
「Regarding manufacturing operations, W-SCOPE CHUNGJU PLANT CO., LTD. (WCP) continues smooth mass production on its 4 existing lines, while installation of cumulative Lines 14 and 15 has been completed. Following product prototyping, the Company is awaiting the start of mass-production shipments from the new lines.」
The existing 4 lines at WCP continued operating smoothly in mass production, while the cumulative 14th and 15th lines, following completion of installation and product prototyping, were ready to begin mass-production shipments. - FY2021-Q1AdvancedAnnual report
「At W-SCOPE CHUNGJU PLANT CO., LTD. (WCP), the existing 4 lines are operating smoothly in mass production, while construction of new mass-production lines, WCP Film-forming Lines 5 and 6, is progressing. Trial operation is expected to begin in the second quarter of the current consolidated fiscal year.」
At WCP, construction of the 5th and 6th film-forming lines progressed alongside mass-production operations on the existing 4 lines, with trial operations scheduled to begin in the second quarter. - FY2020AdvancedAnnual report
「Similarly, at W-SCOPE CHUNGJU PLANT CO., LTD., hereinafter referred to as WCP, production for automotive batteries recovered during the fourth-quarter consolidated accounting period, resulting in a situation where the company was working to increase production.」
At WCP in Chungju, South Korea, automotive battery production recovered in the fourth quarter, and operations progressed to the stage of responding to increased production. - FY2020-Q1AdvancedAnnual report
「At W-SCOPE CHUNGJU PLANT CO., LTD. (WCP), the cumulative No. 12 and No. 13 lines, which began operations in the second half of last year, steadily increased mass supply of automotive separators and made a significant contribution to the increase in revenue for the fiscal year.」
At WCP in Chungju, mass-production supply from the cumulative 12th and 13th lines expanded, and operations progressed from the equipment start-up stage to the stage of contributing to revenue. - FY2019AdvancedAnnual report
「The cumulative 12th and 13th lines, whose installation was completed in the second half, were prepared to begin mass production and supply of separators for automotive applications within a short period. Mass production began sequentially from the fourth quarter, making a significant contribution to the increase in revenue for the fiscal year.」
Following completion of installation, WCP's 12th and 13th lines began mass production sequentially from the fourth quarter, contributing to higher revenue. - FY2019-Q3AdvancedAnnual report
「The 12th line, whose installation was completed at the end of June this year, has already received customer line approval, and preparations for mass production are complete. Similar preparations for the 13th line are scheduled to be advanced by the end of this year.」
At WCP, installation, customer approval and preparations for mass production have been completed for the 12th line, and similar preparations for the 13th line are planned by the end of the year. - FY2019-Q2AdvancedAnnual report
「In addition, installation of the cumulative 12th and 13th lines is nearly complete, and trial operations will begin in the second half.」
At WCP in the Chungju area of South Korea, following the start of mass-production sales on the 10th and 11th lines, installation of the 12th and 13th lines is nearly complete, with trial operations scheduled to begin in the second half. - FY2019-Q1AdvancedAnnual report
「At WCP, the Company is working to install Film-forming Lines 12 and 13, which are scheduled for completion in the second half of this year.」
At WCP in the Chungju area of South Korea, production for mass-production sales began on the 10th and 11th lines, and the plan progressed to the installation of the 12th and 13th lines and their scheduled completion in the second half of this year. - FY2018AdvancedAnnual report
「At the beginning of fiscal 2019, 11 film-forming lines for mass production were operating. In the second half of the year, W-SCOPE CHUNGJU PLANT CO., LTD. is expected to complete construction of large film-forming Lines 12 and 13 and transition them to mass production.」
The production system, including WCP, has progressed to 11 lines in operation at the start of 2019 and a plan to transition the 12th and 13th lines to mass production in the second half. - FY2018-Q3RestatedAnnual report
「At our manufacturing subsidiary W-SCOPE KOREA CO., LTD. and W-SCOPE CHUNGJU PLANT CO., LTD., which has begun operations and is hereinafter referred to as WCP, shipments of samples for technical evaluation and specification approval have increased for projects targeting mass-production sales from next year onward, resulting in higher expenses.」
Even after WCP began operations, activities involving samples for technical evaluation and approval have continued in anticipation of mass-production sales from next year onward. - FY2018-Q2AdvancedAnnual report
「In addition, production has begun at the second manufacturing subsidiary, W-SCOPE CHUNGJU PLANT CO., LTD., resulting in operating expenses for the new company and costs related to the start of operations.」
Production began at WCP, the second manufacturing subsidiary in the Chungju area of South Korea, and the operation progressed from the mass-production preparation stage to the start-up stage. - FY2018-Q1AdvancedAnnual report
「At WCP, facilities for Lines 10 and 11 had been completed, and preparations were under way to begin mass production.」
For the new manufacturing subsidiary WCP in the Chungju area of South Korea, the facilities for the 10th and 11th lines have been completed and preparations for the launch of mass production have been documented. - FY2017AdvancedAnnual report
「In addition, the cumulative 10th and 11th lines at the new production subsidiary, W-SCOPE CHUNGJU PLANT CO., LTD., are scheduled to begin mass production in the first half of FY2018.」
At W-SCOPE CHUNGJU PLANT, the plan for the 10th and 11th lines has progressed toward the scheduled launch of mass production in the first half of FY2018. - FY2017-Q3AdvancedAnnual report
「③Early hiring of personnel in connection with the launch of mass production at the new manufacturing subsidiary WCP from the first half of FY2018」
At the new manufacturing subsidiary in the Chungju area of South Korea, personnel were hired ahead of schedule in preparation for the launch of mass production from the first half of FY2018, and the plan has progressed to the mass-production preparation stage. - FY2016AdvancedAnnual report
「In October 2016, W-SCOPE CHUNGJU PLANT CO., LTD. was established as a subsidiary in Chungcheongbuk-do, South Korea; it is now a consolidated subsidiary.」
The company established a second production subsidiary in the Chungju area of South Korea and signed a lease agreement in December for 203,887 m² of land for its third plant. Investment plans for Production Lines Nos. 10 and 11 have also been developed specifically for that company. - FY2016-Q3First statedAnnual report
「As announced in the medium-term management plan, Vision2018, the company has been actively working to expand production capacity. To support this expansion, it established a new company in the Chungju area of North Chungcheong Province, South Korea, in addition to W-SCOPE KOREA CO., LTD. (WSK), the Group's base in South Korea. The new company is moving ahead with plans to acquire plant land and invest in production equipment in the Chungju area, as announced on 30 May 2016.」
The company has detailed plans to establish W-SCOPE CHUNGJU PLANT CO., LTD. in the Chungju area of South Korea, with capital of KRW 950,000,000, and to acquire plant land and invest in production equipment. The land covers 32,205.50 m², and a lease agreement was signed for the period from 21 October 2016 to 6 November 2055.