# Hyosung Advanced Materials expands carbon fiber plant in Jeonju

Hyosung Advanced Materials is expanding its carbon fiber plant in Jeonju, South Korea, adding 2,000 tons per year of capacity. The new line will start production in February 2020. The company plans to invest KRW 1 trillion by 2028 to reach 24,000 tons per year.

- Type: Expansion
- Announced: 2019-10-27
- Where: Jeonju, South Korea
- Value: $840.0M (1000.0B KRW)
- Starts operating: Feb 2020
- Status: under construction
- Capacity: 2,000 tons per year (expansion); 24,000 tons per year (target by 2028)
- Products: carbon fiber
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

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

## Sources

- [etoday.co.kr](https://www.etoday.co.kr/news/view/1814170), 2019-10-27: "효성첨단소재는 현재 기존 부지에 연산 2,000톤 규모의 탄소섬유 생산공장을 증설 중이며, 내년 2월부터 본격 생산에 착수할 예정이다."

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