ENF Technology to Build US Headquarters in Texas
KYLE, TX—South Korea-based ENF Technology Co. Ltd., a provider of electronic materials to Samsung and the U.S. high-tech market, will build a $45 million headquarters and advanced manufacturing facility here. The company plans to initially hire 45 to 50 employees, and up to 80 in the future. ENF’s facility will primarily serve Samsung Austin Semiconductor, as well as GlobalFoundries, Micron, Texas Instruments and Intel.
Founded as an electronic materials manufacturer in 2000, ENF is expected to break ground on the new 100,000-square-foot complex in mid-2019. The facility is scheduled for completion in 2020, but does provide room for future expansion.
On March 26, the Kyle City Council and Hays County Commissioners approved a performance-based economic development agreement with ENF Technology for a five-year property tax rebate beginning at 75 percent of real and personal property taxes and declining 10 percent annually until the end of the term.