Heesung PMTech Middle East, a Korean company specializing in platinum group metals (PGM) recycling, has established a state-of-the-art refinery, covering 6,500 square feet within the Sharjah Airport International Freezone (SAIF Zone).
The company’s refinery marks an initial investment of approximately $1.1 million for the project’s first phase, which is set to last six months.
Saud Salim Al Mazrouei, Director of SAIF Zone, Dohyun Jung, Vice Chairman of Heesung Group, KO Jeong, CEO of Heesung PMTech and Jeongseok Do, General Manager of Heesung PMTech Middle East, inaugurated the cutting-edge facility, with senior officials and executives from both entities attending.
During his visit to the refinery, Al Mazrouei, accompanied by free zone officials, toured the facility, gaining insights into its operational processes and learning about the platinum metal recycling method and its diverse applications.
Additionally, Al Mazrouei visited the research and development laboratory, equipped with state-of-the-art tools for material analysis and exploration, commending the utilization of advanced technologies in this intricate process.
Al Mazrouei stressed that under the wise leadership of H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, the emirate has emerged as a global investment destination known for its diversity and competitiveness.
He stated that the strategic investment by the Korean company is a testament to SAIF Zone’s escalating stature on the global stage.
Saud Salim Al Mazrouei Director – SAIF Zone
“We are committed to fostering a business-friendly atmosphere, enabling companies to thrive through investments in essential services, facilities, and infrastructure. Our ultimate goal is to create a conducive environment for growth and expansion into regional and global markets from the free zone. SAIF Zone will spare no effort to attract and boost foreign direct investment flows into the Emirate of Sharjah, positioning it as a leading innovator among Middle Eastern free zones. We achieve this by offering a suite of smart services in a creative and comprehensive manner, thereby facilitating the conduct of innovative and high-quality commercial and industrial operations.”
Jeongseok Do emphasized that the high-quality facilities offered by the SAIF Zone were instrumental in the company’s decision to expand its operations in the Emirate of Sharjah.
He pointed out that these facilities provide easy and smooth access to regional and global markets, facilitating the company’s ability to serve its customers efficiently. Do added that, operating in a specialized field critical to numerous industries, the company is keen to boost its presence in a region essential to the global economy.
Jeongseok Do also lauded the constructive cooperation and strategic partnership with the Free Zone, highlighting its significant contribution to the company’s goals.
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