# Hyosung and Saudi Aramco sign MOU for carbon fiber plant

Hyosung and Saudi Aramco signed a memorandum of understanding on June 25, 2019, to explore building a carbon fiber plant in Saudi Arabia or South Korea. The MOU covers cooperation on carbon fiber production technology and potential new or expanded facilities.

- Type: Partnership
- Announced: 2019-06-27
- Where: Saudi Arabia or South Korea
- Status: announced
- Products: carbon fiber
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Saudi Aramco](https://endata.com/companies/304.md) (partner)
- [Hyosung Group](https://endata.com/companies/2496.md) (partner)

## Sources

- [member.newspim.com](https://member.newspim.com/news/view/20190627000734), 2019-06-27: "효성과 아람코는 탄소섬유 생산 기술 개발과 적용에 협력해 향후 사우디아라비아나 국내 등에 탄소섬유 공장을 신·증설하는 방안을 적극 검토하기로 했다."

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