# Hyosung Advanced Materials to expand carbon fiber capacity to 24,000 tons by 2028

Hyosung Advanced Materials will invest 1 trillion won to expand its carbon fiber production capacity from 2,000 tons per year to 24,000 tons per year by 2028 at its Jeonju plant in South Korea. The first expansion line of 2,000 tons is expected to be completed in January 2020 and begin production in February 2020.

- Type: Expansion
- Announced: 2019-08-20
- Where: Jeonju, South Korea, South Korea
- Value: $833.0M (1000.0B KRW)
- Jobs: 2,300
- Starts operating: Feb 2020
- Status: announced
- Capacity: 24,000 tons per year
- Products: carbon fiber
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Hyosung Advanced Materials](https://endata.com/companies/7810.md)

## Sources

- [blog.hyosung.com](https://blog.hyosung.com/4593), 2019-08-21: "효성은 2011년 전라북도와 전주시, 한국탄소융합기술원 등과 협업을 통해 국내기업으로는 최초로 독자기술을 바탕으로 탄소섬유인 ‘탄섬(TANSOME®)’ 개발에 성공, 2013년부터 제품을 생산하고 있습니다."
- [seoulfn.com](https://www.seoulfn.com/news/articleView.html?idxno=355409), 2019-09-09: "2020년 2월 완공을 목표로 연산 2000톤 규모의 증설을 진행하고 있다."

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