Hanwha L & C Canada, Inc. announces $70 million investment in London, Ontario



    LONDON, ON, Jan. 17 /CNW/ - On January 17, 2008, Hanwha L & C Canada Inc.
announced plans to locate a manufacturing facility in London, Ontario to
produce HanStone Fine Quartz Surfaces. Their announcement represents an
initial capital investment of $70 million, with employment expected to exceed
150 associates when fully operational early next year.
    This 200,000 sq. ft. state-of-the-art facility will be located in
Innovation Park and will elevate Hanwha's ongoing commitment to
environmentally friendly production.
    Hanwha Group is a global Fortune 500 company and is the 5th largest
industrial conglomerate based in Seoul Korea. This multi-national corporation
operates in plastics, industrial materials, automotive parts, and the chemical
industry.
    "Hanwha's investment demonstrates strong confidence and commitment to our
country and our community," says Mayor Anne Marie DeCicco-Best. "We warmly
welcome the company and know they will be successful by establishing in
London."
    Peter White, President and CEO of the London Economic Development
Corporation concurred with Mayor DeCicco-Best's thoughts, adding, "it has been
an absolute pleasure, and honour, for the LEDC team to work closely with such
a world class company. This investment represents the largest announcement in
Ontario since the Toyota investment, based on size and dollars, and is a
testament to the strength of London's economy."
    The first phase of Hanwha L & C Canada Inc.'s facility manufactures
HanStone Fine Quartz surfaces used for kitchen countertops, vanities and other
surfaces for residential and commercial applications. HanStones are currently
supplied to well known retail outlets such as Rona and IKEA.
    Daniel Yu, the new President and CEO for Hanwha L & C Canada remarked,
"Our new facility being built in London, Ontario will be the most advanced
manufacturing plant in Fine Quartz Surface business. We will produce top
quality HanStone products to our customers from the new Canadian plant. We are
confident our HanStone Fine Quartz Surface business will grow and be
successful in North America with the continued strong support and cooperation
from the City of London. We greatly appreciate the community's warm welcome to
our company."
    Hanwha L & C Canada is already planning future expansions. Phase II, in
approximately three years, will see the addition of a 180,000 square foot
facility and the creation of another 100 jobs. This commitment will be an
additional investment of $40 million.





For further information:

For further information: Mr. Daniel Yu, President and CEO, Hanwha L&C
Canada Inc., (519) 433-0486, daniel.yu@hanwhasurfaces.com; Lesley Cornelius,
Director, Marketing and Communications, LEDC, (519) 661-5009,
lcornelius@ledc.com

Organization Profile

LONDON ECONOMIC DEVELOPMENT CORPORATION

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HANWHA L & C CANADA, INC.

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