Hyosung Advanced Materials to expand aramid factory in Ulsan, South Korea

Hyosung Advanced Materials signed an MOU with Ulsan City to invest KRW 61.3 billion in expanding its aramid factory in Ulsan, increasing capacity from 1,200 to 3,700 tons per year by the first half of 2021.

“We are happy with Hyosung's decision to expand said factory in addition to the KRW 300 billion investment by Hyosung-Linde Korea in its liquid hydrogen factory in Ulsan.”hyosung.com

• 2 sources
• hyosung.comNewsroom I I Ulsan City, Hyosung Advanced Materials sign MOU for investment in expansion of Aramid factoryMay 20, 2020
• seoul.co.kr울산시·효성첨단소재 아라미드 생산공장 증설 MOU | 서울신문May 20, 2020

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