# Hyosung to invest 1 trillion won in carbon fiber expansion

Hyosung announced a 1 trillion won investment to expand its carbon fiber production capacity at its Jeonju plant from 2,000 tons to 24,000 tons per year by 2028. The expansion will add nine production lines and create about 2,300 jobs.

- Type: Investment
- Announced: 2019-08-20
- Where: Jeonju, North Jeolla Province, South Korea
- Value: $828.0M (1000.0B KRW)
- Jobs: 2,300
- Starts operating: 2028
- Status: announced
- Capacity: 24,000 tons per year
- Products: carbon fiber
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

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

## Sources

- [member.newspim.com](https://member.newspim.com/news/view/20190820000880), 2019-08-20: "효성은 오는 2028년까지 탄소섬유 산업에 총 1조원을 투자할 예정이다."
- [koreatimes.co.kr](https://www.koreatimes.co.kr/business/companies/20190820/hyosung-to-invest-828-mil-in-carbon-fibers), 2019-08-20: "Hyosung Group will invest 1 trillion won ($828 million) over the next 10 years to expand its carbon fiber business."

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