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Operations & FootprintProducts & Innovation 14 Oct 2026

Hansol Paper signs deal to expand Daejeon mill for new materials

Hansol Paper signed an investment agreement with the Daejeon city government on 14 October 2026 to expand its existing paper mill in the city, adding production equipment for new materials. The agreement, co-signed with two other companies in the same investment programme, covers total planned investment of KRW 73.45bn (USD 55.1m) and is expected to create 104 jobs. Hansol Paper is developing nanocellulose-based sustainable materials for cosmetics and secondary batteries, and the new capacity will support scale-up of that production.

Why this mattersThe expansion extends Hansol Paper's push from paper into higher-value nanocellulose materials, broadening its revenue base beyond traditional graphic and speciality paper.

  • Agreement signed 14 October 2026 between Hansol Paper and the Daejeon city government.
  • Plan expands Hansol Paper's existing Daejeon factory with new mass-production equipment for eco-friendly new materials.
  • Three companies in the programme (Hansol Paper, Axvis, Pami) plan combined investment of KRW 73.45bn (USD 55.1m).
  • Programme expected to create 104 jobs across Daedeok and Yuseong districts of Daejeon.
  • Hansol Paper is developing nanocellulose-based materials for cosmetics and secondary-battery applications.
  • Daejeon city government will provide administrative and financial support to the participating companies.
Hansol Paper Daejeon City Government counterparty
Sources 维度网 ZH
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Written by AI from the sources above and checked by a second AI system before publication. No human wrote or edited this story. How it is made.

Updates

  • 2026-10-17 · Edited before publication: The KRW 73.45bn is the combined total for three companies, and Axvis alone accounts for KRW 43.3bn, so Hansol Paper's share is small. Materiality lowered to 2.