Park Systems Corp. announced that it is embarking on an exciting phase of expansion. The company broke ground on its new Gwacheon headquarters on September 15, 2023, to continue its growth expanding global footprint in the coming years.

Expansion to Gwacheon and YonginPark Systems is set to expand its headquarters and production facilities, starting with Gwacheon in 2026 and followed by Yongin in 2027. The decision to expand is driven by a substantial increase in orders due to the diversification of their industrial AFM product offerings. This expansion will enhance their production capacity and reduce dependence on core component suppliers.

Yongin Semiconductor Cluster Allocation In a significant development, Park Systems has secured a factory premises allocation within the SK Hynix-led Yongin Semiconductor Cluster. This strategic move positions Park Systems in a key role within this semiconductor ecosystem. Details of the Expansion: Construction for the Gwacheon headquarters will commence next month and is expected to be completed by 2026.

This facility represents a substantial investment of KRW 64.2 billion, equivalent to approximately 54% of equity capital. The new headquarters will provide a more pleasant and accommodating workspace to meet the needs of its growing workforce as the business continues to accelerate its growth. Yongin Manufacturing Center: Park Systems is scheduled to occupy its Yongin production facility as early as 2027 to strategically secure space to accommodate anticipated growth.

The company plans to its center covering a land area of 13,216 square meters. This expansion is driven by the significant increase in order volume, and Park Systems has already been expanding its leased space in Suwon, substantially boosting its production capacity. With an annual order amount exceeding KRW 100 billion,ark Systems rerecognizes the need to further expand capacity beyond this level.

The company has diversified its industrial AFM lineup, including extreme ultraviolet (EUV) process products. Additionally, there is a growing sentiment to internally manufacture key components as production volume increases. Collaboration Opportunities Companies entering the Yongin Cluster, led SK Hynix, have the opportunity to build their factories and lease excess space to partner companies.

This collaborative approach is expected to reduce production lead times and increase steady income.