# Kolon Industries to expand aramid fiber capacity by 50% at Gumi plant

Kolon Industries will increase aramid fiber production capacity by 50% to 7,500 tons annually at its Gumi plant in South Korea, by the first quarter of 2020, to meet growing demand. The investment amount was not disclosed.

- Type: Expansion
- Announced: 2018-09-10
- Where: Gumi, North Gyeongsang Province, South Korea
- Value: $18.0M (20.0B KRW)
- Starts operating: Q1 2020
- Status: announced
- Capacity: 7,500 tons of aramid fibers annually
- Products: aramid fibers
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Kolon Industries](https://endata.com/companies/25976.md)

## Sources

- [pulse.mk.co.kr](https://pulse.mk.co.kr/news/english/8471110), 2018-09-10: "Kolon Industries will beef up domestic aramid fiber production by 50 percent by the first quarter of 2020."
- [businesskorea.co.kr](https://www.businesskorea.co.kr/news/articleView.html?idxno=24975), 2018-09-11: "The expansion is designed to respond quickly to the burgeoning demand from major global manufacturers of industrial rubber stiffeners, hybrid tire cords and optical fibers, and it’s also aimed to enter the North American market."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.