On March 5, at 11:00 a.m., the BJFEZ Authority and Busan Metropolitan City signed an investment MOU amounting to a total of 15 million USD.

 

PreMech, originally from Bannwil, Switzerland, was established in 1982 and produces various marine equipments such as fuel pumps for ships, high pressure fuel pipes, nozzles, etc.

 

PreMech will enter the Korean market via a joint venture establishment with S&W Korea. They will develop a marine equipment manufacturing factory in the Jisa Foreign Investment Zone leaving just one lot left in the popular the Busan Science & Industrial Park.