On the last day of the economic mission to South Korea, HRH Hereditary Grand Duke and the Minister of Economy, Franz Fayot, headed to Asan to inaugurate Rotarex’s new plant before returning to Seoul for an official visit to the War Memorial, one of the highlights of the trip.
Inauguration of Rotarex’s modern plant
Located 30 minutes from Seoul by high-speed train, Rotarex’s new plant is located in a strategic area containing 15 companies operating in the automotive or the semiconductor sector in close proximity to airports and ports. The new state of the art plant and location will allow the company to significantly improve the distribution of its products (equipment for gas systems, valves and fire protection systems) in Asia.
HRH Prince Guillaume and Minister of Economy Franz Fayot inaugurated the plant, then toured the new site in the presence of HE Dongmin Moon, First Deputy Minister of Trade, Industry and Energy of the Republic of South Korea, and Mr. Jean-Claude Schmitz, President of Rotarex. The 7,000m² site houses a factory, and a dedicated research and development unit containing labs and research facilities. To allow for enhanced sustainability, the roofs of the complex have been equipped with solar panels.
Rotarex is a Luxembourgish company established in 1922, and based in Lintgen, known for its valves and regulators. The manufacturer employs more than 2,000 people worldwide.
Visit to the War Memorial
Back in Seoul, the Prince and the Minister, accompanied by HE Park Min-shik, South Korean Minister of Patriots and Veterans Affairs, paid tribute to the soldiers of the Korean War killed in action (1950–1953) at the memorial erected in their honor.
Luxembourg was one of 16 countries that fought the North Korean troops under the command of the United Nations. Today, only seven out of the 85 Luxembourgish soldiers who fought there are still alive. Prior to the mission, the Prince had the opportunity to meet two of them during a ceremony in Diekirch dedicated to the Luxembourgish soldiers of the Korean War.
Dinner with representatives of Korean industrial companies
The Prince and Minister Franz Fayot concluded the mission by hosting a dinner with representatives of Korean industrial companies established in Luxembourg including Kiswire, Samwha and Hyosung.