# New Power Plasma acquires Korea Fiber for undisclosed sum

Korea Fiber, a composite materials company, has completed the transfer of its management stake to New Power Plasma, a semiconductor and display equipment parts maker. The deal aims to create synergies in carbon fiber processing and hydrogen vehicle fuel tank production.

- Type: Acquisition
- Announced: 2020-12-10
- Where: Miryang, South Gyeongsang Province, South Korea
- Status: completed
- Products: composite materials, carbon fiber, hydrogen vehicle fuel tanks, semiconductor and display equipment parts
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [New Power Plasma](https://endata.com/companies/25712.md) (acquirer)
- [Korea Fiber](https://endata.com/companies/51769.md) (target)

## Sources

- [newsis.com](https://www.newsis.com/view/NISX20201210_0001265188), 2020-12-10: "이번 경영권 인계 결정은 단순히 대주주 변경이 아니라 자본력이 탄탄하고 탄소섬유를 새롭게 가공할 수 있는 기술을 보유한 ㈜뉴파워프라즈마가 한국화이바를 인수하면서 향후 수소자동차 연료탱크 사업을 포함한 차세대 그린 뉴딜사업에도 박차를 가할 것으로 기대하고 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.