Park Systems Celebrates Groundbreaking Expansion To Gwacheon And Yongin
- 01 Nov 2023
- Volume 25
- NANOscientific Magazine, Fall-Winter 2023
Park Systems 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. "After 26 years of leasing, thanks to our accelerated growth since our KOSDAQ listing in 2015, we are proud to announce that Park Systems now has its own office building, marking a significant milestone in our journey," said Dr. Sang-il Park, Founder and CEO of Park Systems.
Expansion to Gwacheon and Yongin
Park 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. The construction of the Gwacheon headquarters, representing a KRW 64.2 billion investment, begins next month and is expected to conclude by 2026, catering to the needs of a growing workforce amid business acceleration. Additionally, by 2027, Park Systems aims to occupy the Yongin production facility, spanning 13,216 square meters, in response to a surge in order volume. This comes as the company is already augmenting its production capacity by expanding leased space in Suwon.
Diversification and Component Localization
With an annual order amount exceeding KRW 100 billion, Park Systems recognizes 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.
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. “We are excited to embark on this new phase of growth,” said Dr. Sang-il Park. “The expansion of our headquarters is a testament to our commitment to supplying the best performing nanometrology solutions, and we are confident that it will help us achieve our goals of growth and innovation.” The expansion of Park Systems represents a significant step forward in its commitment to enable nanoscience and technology advancements and providing cutting-edge solutions to its customers.